Savant Capital LLC Sells 864 Shares of Discover Financial Services (NYSE:DFS)

Savant Capital LLC lowered its position in Discover Financial Services (NYSE:DFS) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,708 shares of the financial services provider’s stock after selling 864 shares during the quarter. Savant Capital LLC’s holdings in Discover Financial Services were worth $4,800,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DFS. Dynamic Advisor Solutions LLC lifted its position in shares of Discover Financial Services by 4.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,159 shares of the financial services provider’s stock worth $303,000 after buying an additional 87 shares during the period. CWM LLC lifted its position in shares of Discover Financial Services by 0.9% during the 3rd quarter. CWM LLC now owns 9,841 shares of the financial services provider’s stock worth $1,381,000 after buying an additional 90 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Discover Financial Services by 458.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,949 shares of the financial services provider’s stock worth $273,000 after buying an additional 1,600 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Discover Financial Services during the 3rd quarter worth approximately $863,000. Finally, CHICAGO TRUST Co NA bought a new position in shares of Discover Financial Services during the 3rd quarter worth approximately $437,000. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Down 2.3 %

NYSE DFS opened at $195.27 on Tuesday. The stock has a fifty day moving average of $183.23 and a 200-day moving average of $159.22. The stock has a market capitalization of $49.07 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.63 and a beta of 1.46. Discover Financial Services has a 52 week low of $107.10 and a 52 week high of $205.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. On average, equities research analysts forecast that Discover Financial Services will post 13.57 EPS for the current year.

Discover Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.70 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.43%. Discover Financial Services’s dividend payout ratio is currently 17.54%.

Analysts Set New Price Targets

DFS has been the subject of several analyst reports. Evercore ISI raised their target price on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price on Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Royal Bank of Canada raised their price target on Discover Financial Services from $193.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, January 24th. Finally, UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $150.00 to $239.00 in a report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $186.46.

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; 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.