Rational Advisors LLC bought a new position in shares of Discover Financial Services (NYSE:DFS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,900 shares of the financial services provider’s stock, valued at approximately $123,000.

Other large investors also recently bought and sold shares of the company. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Discover Financial Services during the second quarter worth $157,000. Financial Architects Inc raised its position in shares of Discover Financial Services by 65.1% in the second quarter. Financial Architects Inc now owns 2,600 shares of the financial services provider’s stock worth $162,000 after buying an additional 1,025 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Discover Financial Services in the second quarter worth $168,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of Discover Financial Services in the second quarter worth $170,000. Finally, Sun Life Financial INC raised its position in shares of Discover Financial Services by 19,871.4% in the second quarter. Sun Life Financial INC now owns 2,796 shares of the financial services provider’s stock worth $174,000 after buying an additional 2,782 shares in the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

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In other news, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.79, for a total transaction of $1,019,081.82. Following the completion of the sale, the chief operating officer now owns 769,440 shares of the company’s stock, valued at approximately $51,390,897.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David W. Nelms sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $66.80, for a total transaction of $2,004,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,277 shares of company stock valued at $11,020,650. 0.96% of the stock is currently owned by insiders.

Shares of Discover Financial Services (NYSE:DFS) traded down $0.18 during midday trading on Wednesday, reaching $65.64. 1,228,800 shares of the company were exchanged, compared to its average volume of 2,648,170. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $74.33. The stock has a market cap of $23,917.71, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.74 and a beta of 1.52.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 24.05%.

Discover Financial Services declared that its Board of Directors has authorized a stock repurchase program on Tuesday, July 25th that permits the company to repurchase $2.75 billion in shares. This repurchase authorization permits the financial services provider to buy up to 11.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts recently issued reports on DFS shares. Wells Fargo & Company started coverage on Discover Financial Services in a research report on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 price objective on the stock. ValuEngine downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Buckingham Research started coverage on Discover Financial Services in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 price target on the stock. Finally, Bank of America Corporation downgraded Discover Financial Services from a “buy” rating to a “neutral” rating and lowered their price target for the company from $67.00 to $63.00 in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $74.45.

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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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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