634 Shares in Discover Financial Services (DFS) Purchased by Farmers National Bank

Farmers National Bank purchased a new position in shares of Discover Financial Services (NYSE:DFS) during the first quarter, Holdings Channel reports. The firm purchased 634 shares of the financial services provider’s stock, valued at approximately $45,000.

Several other institutional investors have also recently modified their holdings of DFS. JPMorgan Chase & Co. grew its position in Discover Financial Services by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,717,616 shares of the financial services provider’s stock worth $284,212,000 after acquiring an additional 39,555 shares during the last quarter. Teachers Advisors LLC grew its position in Discover Financial Services by 2.5% during the 3rd quarter. Teachers Advisors LLC now owns 912,537 shares of the financial services provider’s stock worth $69,763,000 after acquiring an additional 22,144 shares during the last quarter. Virtu Financial LLC grew its position in Discover Financial Services by 233.9% during the 4th quarter. Virtu Financial LLC now owns 12,748 shares of the financial services provider’s stock worth $752,000 after acquiring an additional 8,930 shares during the last quarter. E&G Advisors LP grew its position in Discover Financial Services by 14.5% during the 4th quarter. E&G Advisors LP now owns 7,100 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 900 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC bought a new position in Discover Financial Services during the 4th quarter worth approximately $343,000. Institutional investors and hedge funds own 87.79% of the company’s stock.

DFS has been the topic of several recent research reports. Zacks Investment Research upgraded Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. BMO Capital Markets reduced their price target on Discover Financial Services to $85.00 and set a “market perform” rating on the stock in a research report on Friday, January 25th. Compass Point set a $74.00 price target on Discover Financial Services and gave the stock a “hold” rating in a research report on Friday, January 25th. Bank of America set a $80.00 price target on Discover Financial Services and gave the stock a “buy” rating in a research report on Friday, January 25th. Finally, Morgan Stanley raised their price target on Discover Financial Services from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $81.69.

NYSE DFS opened at $77.29 on Friday. Discover Financial Services has a fifty-two week low of $54.36 and a fifty-two week high of $82.51. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.13. Discover Financial Services had a return on equity of 26.34% and a net margin of 20.98%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the business posted $1.82 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that Discover Financial Services will post 8.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 24th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is currently 20.54%.

In other Discover Financial Services news, Director Cynthia A. Glassman sold 5,551 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $81.73, for a total value of $453,683.23. Following the completion of the sale, the director now owns 44,481 shares in the company, valued at approximately $3,635,432.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO R. Mark Graf sold 30,741 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $81.92, for a total value of $2,518,302.72. Following the completion of the sale, the chief financial officer now owns 56,072 shares of the company’s stock, valued at approximately $4,593,418.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,169 shares of company stock valued at $6,615,921. Company insiders own 0.81% of the company’s stock.

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About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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