Discover Financial Services (DFS) Shares Reduced by Rothschild & Co. Asset Management US Inc.

Discover Financial Services (DFS) Shares Reduced by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. reduced its stake in shares of Discover Financial Services (NYSE:DFS) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 804,754 shares of the financial services provider’s stock after selling 7,772 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned about 0.24% of Discover Financial Services worth $47,464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Standard Life Aberdeen plc grew its stake in shares of Discover Financial Services by 19.3% during the third quarter. Standard Life Aberdeen plc now owns 451,891 shares of the financial services provider’s stock valued at $34,549,000 after purchasing an additional 73,074 shares during the last quarter. Round Table Services LLC bought a new position in Discover Financial Services in the third quarter valued at approximately $262,000. AXA boosted its stake in Discover Financial Services by 106.9% in the third quarter. AXA now owns 209,026 shares of the financial services provider’s stock valued at $15,980,000 after acquiring an additional 107,989 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Discover Financial Services by 40.6% in the third quarter. CIBC World Markets Inc. now owns 39,928 shares of the financial services provider’s stock valued at $3,052,000 after acquiring an additional 11,535 shares during the last quarter. Finally, Calamos Advisors LLC boosted its stake in Discover Financial Services by 1.8% in the third quarter. Calamos Advisors LLC now owns 240,413 shares of the financial services provider’s stock valued at $18,380,000 after acquiring an additional 4,285 shares during the last quarter. 86.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:DFS opened at $68.94 on Tuesday. Discover Financial Services has a 12 month low of $54.36 and a 12 month high of $81.34. The company has a current ratio of 1.08, a quick ratio of 1.48 and a debt-to-equity ratio of 2.58. The firm has a market cap of $22.85 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.91 and a beta of 1.60.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Thursday, January 24th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.06). Discover Financial Services had a net margin of 21.25% and a return on equity of 25.87%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts predict that Discover Financial Services will post 8.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 21st will be paid a $0.40 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $1.60 annualized dividend and a yield of 2.32%. Discover Financial Services’s payout ratio is currently 20.54%.

In other Discover Financial Services news, EVP Carlos Minetti sold 3,750 shares of Discover Financial Services stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $71.98, for a total value of $269,925.00. Following the sale, the executive vice president now directly owns 122,602 shares in the company, valued at approximately $8,824,891.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $72.05, for a total transaction of $2,161,500.00. Following the completion of the sale, the insider now owns 1,120,798 shares in the company, valued at $80,753,495.90. The disclosure for this sale can be found here. Insiders sold a total of 114,012 shares of company stock worth $7,893,863 over the last quarter. Company insiders own 0.81% of the company’s stock.

DFS has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Monday, November 19th. Barclays set a $85.00 price objective on shares of Discover Financial Services and gave the company a “buy” rating in a research note on Friday, December 14th. Bank of America set a $80.00 price objective on shares of Discover Financial Services and gave the company a “buy” rating in a research note on Friday, January 25th. Stephens reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Discover Financial Services in a research note on Sunday, January 6th. Finally, ValuEngine raised shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Discover Financial Services presently has an average rating of “Hold” and a consensus price target of $81.57.

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.

Read More: Understanding Specialty Certificates of Deposit

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