Comerica Bank decreased its holdings in Discover Financial Services (NYSE:DFS) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 91,641 shares of the financial services provider’s stock after selling 12,117 shares during the quarter. Comerica Bank’s holdings in Discover Financial Services were worth $7,216,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. grew its stake in shares of Discover Financial Services by 97.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock worth $453,619,000 after purchasing an additional 3,475,126 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Discover Financial Services by 71.9% in the third quarter. TD Asset Management Inc. now owns 1,975,814 shares of the financial services provider’s stock worth $127,401,000 after purchasing an additional 826,606 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Discover Financial Services by 24.3% in the third quarter. Wasatch Advisors Inc. now owns 16,352 shares of the financial services provider’s stock worth $1,054,000 after purchasing an additional 3,200 shares in the last quarter. Investec Asset Management LTD grew its stake in shares of Discover Financial Services by 26.7% in the third quarter. Investec Asset Management LTD now owns 239,187 shares of the financial services provider’s stock worth $15,423,000 after purchasing an additional 50,412 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of Discover Financial Services by 50.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 13,460 shares of the financial services provider’s stock worth $868,000 after purchasing an additional 4,539 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

In other news, EVP Diane E. Offereins sold 15,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $70.36, for a total transaction of $1,055,400.00. Following the completion of the sale, the executive vice president now directly owns 160,747 shares of the company’s stock, valued at $11,310,158.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Roger C. Hochschild sold 15,258 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $70.54, for a total value of $1,076,299.32. Following the sale, the chief operating officer now directly owns 751,682 shares of the company’s stock, valued at $53,023,648.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 55,000 shares of company stock valued at $16,300 and have sold 242,673 shares valued at $18,685,542. Corporate insiders own 0.96% of the company’s stock.

DFS has been the subject of several recent analyst reports. ValuEngine cut Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays set a $95.00 target price on Discover Financial Services and gave the company a “buy” rating in a research note on Friday, January 12th. Bank of America raised Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Monday, December 18th. Deutsche Bank started coverage on Discover Financial Services in a research note on Tuesday, January 2nd. They set a “buy” rating and a $92.00 target price for the company. Finally, Jefferies Group reaffirmed a “buy” rating and set a $91.00 target price on shares of Discover Financial Services in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Discover Financial Services currently has an average rating of “Buy” and an average target price of $85.61.

Shares of Discover Financial Services (DFS) opened at $74.11 on Friday. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $81.93. The company has a market capitalization of $26,930.00, a price-to-earnings ratio of 13.70, a PEG ratio of 1.25 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio is 25.88%.

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Discover Financial Services 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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