Oakbrook Investments LLC increased its position in Discover Financial Services (NYSE:DFS) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,612 shares of the financial services provider’s stock after buying an additional 1,450 shares during the period. Oakbrook Investments LLC’s holdings in Discover Financial Services were worth $2,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DFS. Acrospire Investment Management LLC boosted its position in Discover Financial Services by 18.8% in the third quarter. Acrospire Investment Management LLC now owns 1,900 shares of the financial services provider’s stock worth $107,000 after buying an additional 300 shares in the last quarter. Cable Hill Partners LLC boosted its position in Discover Financial Services by 112.1% in the third quarter. Cable Hill Partners LLC now owns 1,926 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,018 shares in the last quarter. Orrstown Financial Services Inc. boosted its position in Discover Financial Services by 64.2% in the first quarter. Orrstown Financial Services Inc. now owns 1,716 shares of the financial services provider’s stock worth $117,000 after buying an additional 671 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Discover Financial Services by 52.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the financial services provider’s stock worth $147,000 after buying an additional 900 shares in the last quarter. Finally, Focused Wealth Management Inc bought a new position in Discover Financial Services during the fourth quarter worth about $151,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

Discover Financial Services (NYSE:DFS) traded up 0.07% during trading on Friday, reaching $66.74. 1,524,538 shares of the company’s stock traded hands. Discover Financial Services has a one year low of $50.32 and a one year high of $74.33. The firm’s 50 day moving average price is $68.30 and its 200-day moving average price is $66.77. The stock has a market cap of $25.73 billion, a P/E ratio of 11.57 and a beta of 1.42.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.80%. Discover Financial Services’s dividend payout ratio (DPR) is 20.76%.

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A number of research analysts have issued reports on the stock. Compass Point assumed coverage on shares of Discover Financial Services in a report on Friday, January 6th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Tuesday, January 10th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Discover Financial Services in a report on Sunday, January 8th. Susquehanna Bancshares Inc cut shares of Discover Financial Services from a “positive” rating to a “neutral” rating in a report on Friday, January 6th. Finally, Rafferty Capital Markets reaffirmed a “hold” rating and issued a $70.00 price target on shares of Discover Financial Services in a report on Wednesday, March 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $71.10.

In other Discover Financial Services news, Director Lawrence A. Weinbach sold 7,688 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $70.61, for a total value of $542,849.68. Following the transaction, the director now directly owns 46,698 shares in the company, valued at approximately $3,297,345.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Roger C. Hochschild sold 10,000 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $67.73, for a total transaction of $677,300.00. Following the completion of the transaction, the chief operating officer now owns 798,331 shares in the company, valued at $54,070,958.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,559 shares of company stock worth $4,576,966. 1.07% of the stock is owned by insiders.

About Discover Financial Services

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.

5 Day Chart for NYSE:DFS

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