KBC Group NV cut its holdings in Discover Financial Services (NYSE:DFS) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 259,526 shares of the financial services provider’s stock after selling 6,284 shares during the period. KBC Group NV’s holdings in Discover Financial Services were worth $19,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in shares of Discover Financial Services by 18.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 46,179 shares of the financial services provider’s stock valued at $3,552,000 after purchasing an additional 7,096 shares during the last quarter. Roffman Miller Associates Inc. PA raised its holdings in shares of Discover Financial Services by 1.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 227,037 shares of the financial services provider’s stock valued at $17,464,000 after purchasing an additional 3,791 shares during the last quarter. Renaissance Group LLC acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at approximately $228,000. Shelton Capital Management acquired a new stake in shares of Discover Financial Services in the fourth quarter valued at approximately $233,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Discover Financial Services by 173.4% in the fourth quarter. Teacher Retirement System of Texas now owns 174,486 shares of the financial services provider’s stock valued at $13,421,000 after purchasing an additional 110,676 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Discover Financial Services (NYSE:DFS) opened at $74.11 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.93. The company has a market cap of $26,930.14, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.54.

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

In other Discover Financial Services news, SVP Daniel Peter Capozzi sold 5,000 shares of Discover Financial Services stock in a transaction on Friday, January 26th. The shares were sold at an average price of $79.97, for a total transaction of $399,850.00. Following the completion of the transaction, the senior vice president now directly owns 23,977 shares of the company’s stock, valued at $1,917,440.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Edward W. Mcgrogan sold 2,435 shares of Discover Financial Services stock in a transaction on Monday, January 29th. The stock was sold at an average price of $81.63, for a total transaction of $198,769.05. Following the transaction, the senior vice president now directly owns 12,033 shares of the company’s stock, valued at $982,253.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 55,000 shares of company stock valued at $16,300 and have sold 242,673 shares valued at $18,685,542. Insiders own 0.96% of the company’s stock.

A number of research firms have recently issued reports on DFS. Barclays set a $95.00 price objective on shares of Discover Financial Services and gave the company a “buy” rating in a report on Friday, January 12th. Morgan Stanley lifted their price objective on shares of Discover Financial Services from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Instinet lowered their price objective on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Argus upgraded shares of Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, January 26th. Finally, Jefferies Group restated a “buy” rating and set a $91.00 target price on shares of Discover Financial Services in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Discover Financial Services presently has a consensus rating of “Buy” and an average target price of $85.61.

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About Discover Financial Services

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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