Mn Services Vermogensbeheer B.V. Has $13.81 Million Stock Position in Discover Financial Services (NYSE:DFS)

Mn Services Vermogensbeheer B.V. lowered its position in shares of Discover Financial Services (NYSE:DFS) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,900 shares of the financial services provider’s stock after selling 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Discover Financial Services were worth $13,814,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DFS. Bruce G. Allen Investments LLC bought a new position in Discover Financial Services during the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Discover Financial Services during the 3rd quarter valued at about $30,000. Resurgent Financial Advisors LLC acquired a new position in shares of Discover Financial Services in the 4th quarter valued at approximately $31,000. Pinnacle Bancorp Inc. increased its stake in Discover Financial Services by 282.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new stake in Discover Financial Services during the 4th quarter worth approximately $34,000. Institutional investors own 86.94% of the company’s stock.

Analyst Upgrades and Downgrades

DFS has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Discover Financial Services from $139.00 to $121.00 and set a “buy” rating for the company in a research report on Friday, January 19th. HSBC boosted their price target on Discover Financial Services from $107.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Discover Financial Services from $140.00 to $111.00 and set a “hold” rating for the company in a report on Friday, January 19th. Wolfe Research restated a “peer perform” rating on shares of Discover Financial Services in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $140.00 price target (up from $117.00) on shares of Discover Financial Services in a research note on Wednesday, February 21st. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.22.

Discover Financial Services Price Performance

Shares of DFS opened at $120.91 on Monday. The company’s 50-day moving average is $120.54 and its 200-day moving average is $104.95. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $30.30 billion, a PE ratio of 10.75, a PEG ratio of 0.86 and a beta of 1.45. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $131.65.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.96). The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.10 billion. Discover Financial Services had a return on equity of 22.24% and a net margin of 14.30%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.77 EPS. Equities analysts forecast that Discover Financial Services will post 11.2 EPS for the current year.

Discover Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Wednesday, February 21st. Discover Financial Services’s dividend payout ratio is currently 24.89%.

Insider Transactions at Discover Financial Services

In related news, CFO John Greene sold 35,191 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $106.51, for a total transaction of $3,748,193.41. Following the transaction, the chief financial officer now directly owns 18,592 shares of the company’s stock, valued at $1,980,233.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.