Court Place Advisors LLC lowered its stake in shares of Discover Financial Services (NYSE:DFS) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 5,790 shares of the financial services provider’s stock after selling 99 shares during the period. Court Place Advisors LLC’s holdings in Discover Financial Services were worth $310,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in DFS. Mount Vernon Associates Inc. MD boosted its stake in shares of Discover Financial Services by 3.9% in the second quarter. Mount Vernon Associates Inc. MD now owns 17,717 shares of the financial services provider’s stock valued at $949,000 after buying an additional 667 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Discover Financial Services by 4.5% in the second quarter. Rehmann Capital Advisory Group now owns 8,219 shares of the financial services provider’s stock valued at $440,000 after buying an additional 356 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Discover Financial Services by 3,647.1% in the second quarter. JFS Wealth Advisors LLC now owns 6,370 shares of the financial services provider’s stock valued at $341,000 after buying an additional 6,200 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Discover Financial Services during the second quarter valued at $287,715,000. Finally, MSI Financial Services Inc boosted its stake in shares of Discover Financial Services by 17.6% in the second quarter. MSI Financial Services Inc now owns 10,491 shares of the financial services provider’s stock valued at $562,000 after buying an additional 1,571 shares in the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.

Discover Financial Services (NYSE:DFS) traded down 0.51% during trading on Tuesday, hitting $56.96. 2,343,857 shares of the stock traded hands. The company’s 50 day moving average price is $58.18 and its 200 day moving average price is $54.94. The company has a market cap of $22.99 billion, a P/E ratio of 10.70 and a beta of 1.20. Discover Financial Services has a 12 month low of $42.86 and a 12 month high of $60.29.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Discover Financial Services had a return on equity of 21.15% and a net margin of 22.41%. On average, equities research analysts anticipate that Discover Financial Services will post $5.72 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Nomura restated a “buy” rating on shares of Discover Financial Services in a research report on Saturday, July 9th. Wells Fargo & Co. restated a “buy” rating on shares of Discover Financial Services in a research report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating on shares of Discover Financial Services in a research report on Sunday, June 26th. JPMorgan Chase & Co. restated a “hold” rating on shares of Discover Financial Services in a research report on Thursday, June 30th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $75.00 price target on shares of Discover Financial Services in a research report on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $63.74.

In related news, COO Roger C. Hochschild sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $53.72, for a total transaction of $537,200.00. Following the completion of the sale, the chief operating officer now directly owns 865,772 shares of the company’s stock, valued at approximately $46,509,271.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward W. Mcgrogan sold 1,300 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $56.69, for a total value of $73,697.00. Following the sale, the senior vice president now directly owns 12,072 shares of the company’s stock, valued at $684,361.68. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

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, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

5 Day Chart for NYSE:DFS

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