Alliancebernstein L.P. lessened its stake in Discover Financial Services (NYSE:DFS) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 743,896 shares of the financial services provider’s stock after selling 51,397 shares during the period. Alliancebernstein L.P. owned about 0.20% of Discover Financial Services worth $57,220,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. LSV Asset Management boosted its position in Discover Financial Services by 3.5% in the 4th quarter. LSV Asset Management now owns 6,898,150 shares of the financial services provider’s stock worth $530,605,000 after purchasing an additional 234,467 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Discover Financial Services by 84.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,904,200 shares of the financial services provider’s stock worth $380,703,000 after buying an additional 2,698,700 shares during the period. Bessemer Group Inc. raised its stake in shares of Discover Financial Services by 4.3% during the 4th quarter. Bessemer Group Inc. now owns 3,836,438 shares of the financial services provider’s stock worth $295,099,000 after buying an additional 159,496 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Discover Financial Services by 16.8% during the 3rd quarter. Epoch Investment Partners Inc. now owns 3,091,274 shares of the financial services provider’s stock worth $199,326,000 after buying an additional 444,325 shares during the period. Finally, Eaton Vance Management raised its stake in shares of Discover Financial Services by 18.6% during the 4th quarter. Eaton Vance Management now owns 2,782,209 shares of the financial services provider’s stock worth $214,007,000 after buying an additional 436,199 shares during the period. Institutional investors and hedge funds own 86.88% of the company’s stock.
In other Discover Financial Services news, COO Roger C. Hochschild sold 15,258 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $76.78, for a total value of $1,171,509.24. Following the completion of the sale, the chief operating officer now directly owns 723,666 shares of the company’s stock, valued at approximately $55,563,075.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn Mcnamara Corley sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $76.81, for a total value of $307,240.00. Following the completion of the sale, the executive vice president now directly owns 134,744 shares of the company’s stock, valued at $10,349,686.64. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 39,000 shares of company stock valued at $11,670 and sold 242,674 shares valued at $19,140,541. 0.96% of the stock is owned by company insiders.
Discover Financial Services (DFS) opened at $78.15 on Tuesday. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $81.93. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $28,400.00, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.28 and a beta of 1.49.
Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.02. Discover Financial Services had a return on equity of 21.49% and a net margin of 17.95%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $1.85 billion. equities analysts predict that Discover Financial Services will post 7.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, February 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 23.53%.
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Discover Financial Services Profile
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.
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