HPM Partners LLC reduced its position in Discover Financial Services (NYSE:DFS) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,518 shares of the financial services provider’s stock after selling 2,609 shares during the period. HPM Partners LLC’s holdings in Discover Financial Services were worth $5,732,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of DFS. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Discover Financial Services by 84.2% in the third 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 in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Discover Financial Services by 273.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,493 shares of the financial services provider’s stock worth $193,030,000 after buying an additional 1,837,913 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $76,302,000. TD Asset Management Inc. lifted its position in shares of Discover Financial Services by 71.9% in the third quarter. TD Asset Management Inc. now owns 1,975,814 shares of the financial services provider’s stock worth $127,401,000 after buying an additional 826,606 shares in the last quarter. Finally, CI Investments Inc. lifted its position in shares of Discover Financial Services by 155.6% in the third quarter. CI Investments Inc. now owns 1,208,137 shares of the financial services provider’s stock worth $77,901,000 after buying an additional 735,400 shares in the last quarter. Institutional investors own 85.86% of the company’s stock.
In related news, COO Roger C. Hochschild sold 15,259 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $76.83, for a total value of $1,172,348.97. Following the transaction, the chief operating officer now owns 734,878 shares of the company’s stock, valued at $56,460,676.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Edward W. Mcgrogan sold 2,435 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $81.63, for a total value of $198,769.05. Following the completion of the transaction, the senior vice president now directly owns 12,033 shares in the company, valued at approximately $982,253.79. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 39,000 shares of company stock worth $11,670 and have sold 242,674 shares worth $19,140,541. Corporate insiders own 0.96% of the company’s stock.
Discover Financial Services (DFS) opened at $78.42 on Friday. The company has a market capitalization of $27,820.04, a P/E ratio of 14.50, a PEG ratio of 1.28 and a beta of 1.49. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $81.93. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.51 and a current ratio of 1.51.
Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Discover Financial Services had a return on equity of 21.49% and a net margin of 17.95%. sell-side analysts forecast that Discover Financial Services will post 7.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. Discover Financial Services’s dividend payout ratio is 25.88%.
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Discover Financial Services Company 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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