Nadler Financial Group Inc. bought a new stake in Discover Financial Services (NYSE:DFS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,107 shares of the financial services provider’s stock, valued at approximately $393,000.
A number of other large investors have also bought and sold shares of the business. Grove Bank & Trust raised its holdings in shares of Discover Financial Services by 2,483.3% in the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,490 shares during the period. Rational Advisors LLC purchased a new stake in shares of Discover Financial Services in the 3rd quarter valued at $123,000. Americafirst Capital Management LLC purchased a new stake in shares of Discover Financial Services in the 3rd quarter valued at $140,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Discover Financial Services in the 2nd quarter valued at $157,000. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Discover Financial Services in the 2nd quarter valued at $170,000. Institutional investors own 84.77% of the company’s stock.
DFS has been the topic of several research analyst reports. Nomura cut their price objective on Discover Financial Services from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Buckingham Research initiated coverage on Discover Financial Services in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 price objective on the stock. ValuEngine upgraded Discover Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Oppenheimer set a $71.00 price objective on Discover Financial Services and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $86.00 price objective on shares of Discover Financial Services in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company. Discover Financial Services currently has an average rating of “Buy” and an average price target of $80.76.
In other news, EVP Kathryn Mcnamara Corley sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $76.81, for a total transaction of $307,240.00. Following the completion of the transaction, the executive vice president now directly owns 134,744 shares of the company’s stock, valued at approximately $10,349,686.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO R. Mark Graf sold 16,503 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $66.67, for a total value of $1,100,255.01. Following the transaction, the chief financial officer now directly owns 82,402 shares of the company’s stock, valued at $5,493,741.34. The disclosure for this sale can be found here. Insiders have sold a total of 179,277 shares of company stock valued at $12,673,925 over the last three months. 0.96% of the stock is currently owned by insiders.
Discover Financial Services (NYSE DFS) traded up $0.15 on Friday, reaching $80.51. The company had a trading volume of 2,078,412 shares, compared to its average volume of 2,141,022. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $81.00. The firm has a market cap of $29,260.00, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.80 and a beta of 1.52. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55.
Discover Financial Services Company Profile
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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