Whitnell & Co. Acquires 1,911 Shares of Discover Financial Services (NYSE:DFS)

Whitnell & Co. grew its holdings in Discover Financial Services (NYSE:DFS) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,426 shares of the financial services provider’s stock after purchasing an additional 1,911 shares during the period. Whitnell & Co.’s holdings in Discover Financial Services were worth $2,062,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DFS. Nuveen Asset Management LLC increased its holdings in shares of Discover Financial Services by 707.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,719,868 shares of the financial services provider’s stock worth $211,035,000 after purchasing an additional 2,382,825 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Discover Financial Services by 151.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,080,467 shares of the financial services provider’s stock worth $161,424,000 after buying an additional 1,251,827 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Discover Financial Services by 3.7% in the 2nd quarter. BlackRock Inc. now owns 24,713,231 shares of the financial services provider’s stock worth $1,917,500,000 after buying an additional 887,296 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Discover Financial Services by 72.4% in the 2nd quarter. Schroder Investment Management Group now owns 1,722,219 shares of the financial services provider’s stock worth $133,627,000 after buying an additional 723,471 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Discover Financial Services by 12.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,489,949 shares of the financial services provider’s stock worth $348,376,000 after buying an additional 503,411 shares during the last quarter. 84.95% of the stock is owned by institutional investors and hedge funds.

NYSE DFS traded up $0.36 on Friday, hitting $84.71. 1,184,816 shares of the company traded hands, compared to its average volume of 1,944,941. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 2.19. The business’s 50 day moving average price is $80.22 and its 200-day moving average price is $80.45. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 1.24 and a beta of 1.62. Discover Financial Services has a 52-week low of $54.36 and a 52-week high of $92.98.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $2.36 EPS for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.07. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Discover Financial Services had a return on equity of 26.79% and a net margin of 20.97%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. As a group, sell-side analysts predict that Discover Financial Services will post 9.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.44 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.76 dividend on an annualized basis and a yield of 2.08%. Discover Financial Services’s dividend payout ratio is presently 22.59%.

DFS has been the topic of a number of research reports. Nomura raised their price target on Discover Financial Services from $86.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research upgraded Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Monday, September 9th. JMP Securities upgraded Discover Financial Services from an “outperform” rating to a “buy” rating in a research report on Thursday, July 25th. ValuEngine downgraded Discover Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Finally, Morgan Stanley set a $97.00 target price on Discover Financial Services and gave the company a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.65.

Discover Financial Services Profile

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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

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