Kestra Advisory Services LLC lifted its stake in shares of Discover Financial Services (NYSE:DFS – Get Rating) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,735 shares of the financial services provider’s stock after acquiring an additional 8,763 shares during the period. Kestra Advisory Services LLC’s holdings in Discover Financial Services were worth $3,300,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Toroso Investments LLC lifted its holdings in shares of Discover Financial Services by 3.1% during the 1st quarter. Toroso Investments LLC now owns 3,299 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 98 shares during the period. JBF Capital Inc. lifted its holdings in shares of Discover Financial Services by 2.9% during the 3rd quarter. JBF Capital Inc. now owns 3,600 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 100 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Discover Financial Services by 2.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 4,900 shares of the financial services provider’s stock worth $445,000 after acquiring an additional 100 shares during the period. TIAA FSB lifted its holdings in shares of Discover Financial Services by 1.2% during the 4th quarter. TIAA FSB now owns 8,532 shares of the financial services provider’s stock worth $835,000 after acquiring an additional 102 shares during the period. Finally, Insight Folios Inc raised its holdings in Discover Financial Services by 1.9% in the third quarter. Insight Folios Inc now owns 6,057 shares of the financial services provider’s stock valued at $551,000 after buying an additional 111 shares during the period. 81.74% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Discover Financial Services
In related news, EVP Robert Andrew Eichfeld sold 13,477 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $114.18, for a total transaction of $1,538,803.86. Following the transaction, the executive vice president now directly owns 31,509 shares in the company, valued at $3,597,697.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Carlos Minetti sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $118.00, for a total transaction of $826,000.00. Following the transaction, the executive vice president now directly owns 114,493 shares in the company, valued at $13,510,174. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Andrew Eichfeld sold 13,477 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $114.18, for a total value of $1,538,803.86. Following the transaction, the executive vice president now owns 31,509 shares in the company, valued at $3,597,697.62. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
Wall Street Analysts Forecast Growth
Discover Financial Services Stock Up 0.9 %
DFS stock opened at $103.63 on Wednesday. Discover Financial Services has a twelve month low of $87.64 and a twelve month high of $121.17. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $26.88 billion, a P/E ratio of 6.69, a PEG ratio of 1.36 and a beta of 1.43. The firm has a 50 day simple moving average of $104.17 and a 200-day simple moving average of $103.48.
Discover Financial Services (NYSE:DFS – Get Rating) last released its quarterly earnings results on Thursday, January 19th. The financial services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.19. Discover Financial Services had a net margin of 28.89% and a return on equity of 33.88%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the company earned $3.64 earnings per share. The business’s quarterly revenue was up 27.1% compared to the same quarter last year. On average, equities research analysts predict that Discover Financial Services will post 13.53 earnings per share for the current fiscal year.
About Discover Financial Services
Discover Financial Services is a holding company. It operates under the Digital Banking and Payment Services segments. The Digital Banking segment focuses on consumer banking and lending products, specifically Discover-branded credit cards issued to individuals on the Discover Network and other consumer banking products and services including private student loans, personal loans, home loans, and deposit products.
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