Bremer Trust National Association lessened its stake in shares of Discover Financial Services (NYSE:DFS) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,812 shares of the financial services provider’s stock after selling 5,303 shares during the quarter. Bremer Trust National Association’s holdings in Discover Financial Services were worth $1,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LVM Capital Management Ltd. MI increased its stake in shares of Discover Financial Services by 6.4% during the fourth quarter. LVM Capital Management Ltd. MI now owns 94,437 shares of the financial services provider’s stock valued at $7,264,000 after acquiring an additional 5,710 shares during the period. Arbor Investment Advisors LLC acquired a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $203,000. DnB Asset Management AS increased its stake in shares of Discover Financial Services by 1.7% during the fourth quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock valued at $3,132,000 after acquiring an additional 700 shares during the period. Polianta Ltd acquired a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $1,423,000. Finally, Aurora Investment Counsel acquired a new position in shares of Discover Financial Services during the fourth quarter valued at approximately $2,761,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

In other Discover Financial Services news, EVP Carlos Minetti sold 8,000 shares of Discover Financial Services stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.68, for a total transaction of $533,440.00. Following the transaction, the executive vice president now directly owns 173,149 shares in the company, valued at approximately $11,545,575.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction that occurred 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. Over the last quarter, insiders have sold 179,277 shares of company stock worth $12,673,925. Corporate insiders own 0.96% of the company’s stock.

Discover Financial Services (NYSE DFS) opened at $80.51 on Friday. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.00. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $29,201.27, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.52.

A number of research analysts recently commented on DFS shares. ValuEngine lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Wells Fargo & Co started coverage on shares of Discover Financial Services in a research note on Tuesday, October 10th. They set a “market perform” rating and a $69.00 price objective on the stock. Bank of America upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Monday, December 18th. Deutsche Bank started coverage on shares of Discover Financial Services in a research note on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price objective on the stock. Finally, Buckingham Research started coverage on shares of Discover Financial Services in a research note on Monday, October 2nd. They set a “buy” rating and a $74.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $80.76.

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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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