Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Discover Financial Services (NYSE:DFS) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 777,773 shares of the financial services provider’s stock after selling 57,515 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.21% of Discover Financial Services worth $50,151,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Grove Bank & Trust increased its holdings in shares of Discover Financial Services by 2,483.3% during the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,490 shares during the period. Rational Advisors LLC bought a new position in shares of Discover Financial Services during the 3rd quarter worth about $123,000. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of Discover Financial Services during the 2nd quarter worth about $157,000. Chicago Partners Investment Group LLC bought a new position in shares of Discover Financial Services during the 2nd quarter worth about $168,000. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of Discover Financial Services during the 2nd quarter worth about $170,000. Institutional investors own 84.99% of the company’s stock.

Shares of Discover Financial Services (NYSE DFS) opened at $71.12 on Friday. The firm has a market cap of $25,654.67, a PE ratio of 12.13, a P/E/G ratio of 1.86 and a beta of 1.53. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $74.33. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a yield of 1.97%. Discover Financial Services’s payout ratio is currently 24.05%.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank Of Canada restated a “buy” rating and set a $86.00 price objective on shares of Discover Financial Services in a report on Wednesday, October 25th. Barclays set a $73.00 price objective on shares of Discover Financial Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets dropped their price objective on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a report on Wednesday, October 25th. Finally, Bank of America boosted their price objective on shares of Discover Financial Services from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $74.45.

In related news, CEO David W. Nelms sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $66.80, for a total value of $2,004,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Carlos Minetti sold 8,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.51, for a total transaction of $516,080.00. The disclosure for this sale can be found here. In the last three months, insiders sold 123,019 shares of company stock worth $8,099,143. 0.96% of the stock is currently owned by insiders.

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

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