Mercer Global Advisors Inc. ADV Invests $857,000 in Discover Financial Services (DFS)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Discover Financial Services (NYSE:DFS) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,522 shares of the financial services provider’s stock, valued at approximately $857,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Buckley Wealth Management LLC increased its holdings in shares of Discover Financial Services by 5.7% during the 4th quarter. Buckley Wealth Management LLC now owns 4,978 shares of the financial services provider’s stock worth $294,000 after buying an additional 270 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in Discover Financial Services by 2.7% in the 4th quarter. Stanley Laman Group Ltd. now owns 10,447 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 271 shares in the last quarter. Markston International LLC increased its holdings in Discover Financial Services by 0.6% in the 4th quarter. Markston International LLC now owns 52,239 shares of the financial services provider’s stock valued at $3,081,000 after purchasing an additional 300 shares in the last quarter. Hanson McClain Inc. increased its holdings in Discover Financial Services by 78.5% in the 4th quarter. Hanson McClain Inc. now owns 682 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 300 shares in the last quarter. Finally, Financial Advocates Investment Management increased its holdings in Discover Financial Services by 36.1% in the 4th quarter. Financial Advocates Investment Management now owns 1,130 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 87.29% of the company’s stock.

In other Discover Financial Services news, EVP Carlos Minetti sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $67.59, for a total value of $506,925.00. Following the completion of the sale, the executive vice president now owns 131,598 shares of the company’s stock, valued at $8,894,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Roger C. Hochschild bought 30,000 shares of the stock in a transaction on Monday, January 28th. The stock was purchased at an average cost of $66.67 per share, with a total value of $2,000,100.00. Following the purchase, the chief executive officer now directly owns 834,457 shares of the company’s stock, valued at approximately $55,633,248.19. The disclosure for this purchase can be found here. Insiders sold 117,062 shares of company stock valued at $8,124,691 in the last ninety days. Insiders own 0.81% of the company’s stock.

Shares of NYSE:DFS opened at $76.95 on Wednesday. Discover Financial Services has a 52 week low of $54.36 and a 52 week high of $80.36. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $24.89 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.10 and a beta of 1.60.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Thursday, January 24th. The financial services provider reported $2.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.06). Discover Financial Services had a net margin of 21.25% and a return on equity of 26.22%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the company posted $1.51 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Discover Financial Services will post 8.64 EPS for the current year.

A number of equities analysts have commented on DFS shares. Zacks Investment Research upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Wednesday, March 27th. JMP Securities boosted their price target on shares of Discover Financial Services from $74.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, April 4th. Compass Point set a $74.00 price target on shares of Discover Financial Services and gave the company a “hold” rating in a research report on Friday, January 25th. ValuEngine upgraded shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, BMO Capital Markets reduced their target price on shares of Discover Financial Services to $85.00 and set a “market perform” rating on the stock in a research report on Friday, January 25th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.23.

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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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