Bailard Inc. Has $1.15 Million Stake in Discover Financial Services (DFS)

Bailard Inc. trimmed its holdings in shares of Discover Financial Services (NYSE:DFS) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,508 shares of the financial services provider’s stock after selling 1,424 shares during the quarter. Bailard Inc.’s holdings in Discover Financial Services were worth $1,151,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DFS. Man Group plc increased its position in shares of Discover Financial Services by 95.8% during the third quarter. Man Group plc now owns 953,485 shares of the financial services provider’s stock worth $72,894,000 after acquiring an additional 466,429 shares during the last quarter. Capital World Investors increased its position in shares of Discover Financial Services by 2.8% during the third quarter. Capital World Investors now owns 14,395,380 shares of the financial services provider’s stock worth $1,100,527,000 after acquiring an additional 393,987 shares during the last quarter. Bank of Montreal Can increased its position in shares of Discover Financial Services by 15.5% during the fourth quarter. Bank of Montreal Can now owns 2,673,874 shares of the financial services provider’s stock worth $157,705,000 after acquiring an additional 357,962 shares during the last quarter. First Trust Advisors LP increased its position in shares of Discover Financial Services by 100.7% during the third quarter. First Trust Advisors LP now owns 675,232 shares of the financial services provider’s stock worth $51,621,000 after acquiring an additional 338,811 shares during the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Discover Financial Services by 1,601.8% during the third quarter. WINTON GROUP Ltd now owns 356,329 shares of the financial services provider’s stock worth $27,241,000 after acquiring an additional 335,391 shares during the last quarter. 86.17% of the stock is currently owned by institutional investors and hedge funds.

NYSE:DFS opened at $67.88 on Tuesday. The stock has a market capitalization of $22.85 billion, a P/E ratio of 8.71, a PEG ratio of 0.91 and a beta of 1.60. Discover Financial Services has a one year low of $54.36 and a one year high of $81.34. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.08 and a quick ratio of 1.48.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Thursday, January 24th. The financial services provider reported $2.03 EPS for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.06). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.81 billion. Discover Financial Services had a return on equity of 25.87% and a net margin of 21.25%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.51 earnings per share. On average, analysts predict that Discover Financial Services will post 8.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 21st will be paid a $0.40 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.36%. Discover Financial Services’s dividend payout ratio (DPR) is 20.54%.

In other Discover Financial Services news, EVP Glenn P. Schneider sold 8,000 shares of Discover Financial Services stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $69.18, for a total value of $553,440.00. Following the completion of the transaction, the executive vice president now directly owns 30,926 shares in the company, valued at $2,139,460.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $72.05, for a total value of $2,161,500.00. Following the completion of the transaction, the insider now owns 1,120,798 shares of the company’s stock, valued at $80,753,495.90. The disclosure for this sale can be found here. Insiders sold 114,012 shares of company stock valued at $7,893,863 over the last quarter. Insiders own 0.81% of the company’s stock.

A number of analysts have recently issued reports on DFS shares. BMO Capital Markets dropped their target price on Discover Financial Services to $85.00 and set a “market perform” rating on the stock in a research report on Friday, January 25th. ValuEngine lowered Discover Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Stephens reiterated a “hold” rating and issued a $80.00 price target on shares of Discover Financial Services in a research note on Sunday, January 6th. Finally, Bank of America set a $80.00 price target on Discover Financial Services and gave the stock a “buy” rating in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Discover Financial Services has an average rating of “Hold” and an average target price of $81.57.

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Discover Financial Services Profile

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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