Leeward Investments LLC MA Has $10.83 Million Holdings in Discover Financial Services (NYSE:DFS)

Leeward Investments LLC MA lowered its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 32.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,185 shares of the financial services provider's stock after selling 37,086 shares during the quarter. Leeward Investments LLC MA's holdings in Discover Financial Services were worth $10,828,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Discover Financial Services during the second quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Discover Financial Services by 506.5% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider's stock worth $26,000 after acquiring an additional 157 shares during the period. Y.D. More Investments Ltd lifted its position in Discover Financial Services by 147.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 133 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Discover Financial Services by 72.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 95 shares during the period. Finally, Larson Financial Group LLC grew its position in Discover Financial Services by 348.2% in the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider's stock worth $33,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 86.94% of the company's stock.

Discover Financial Services Stock Down 4.1 %

DFS traded down $7.55 during trading on Thursday, reaching $175.00. 3,350,408 shares of the stock traded hands, compared to its average volume of 1,669,760. The stock's 50-day simple moving average is $142.21 and its two-hundred day simple moving average is $133.60. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. Discover Financial Services has a fifty-two week low of $82.15 and a fifty-two week high of $188.26. The stock has a market cap of $43.94 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41.

Discover Financial Services (NYSE:DFS - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, topping the consensus estimate of $3.28 by $0.41. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the firm posted $2.59 earnings per share. As a group, equities research analysts expect that Discover Financial Services will post 13.35 EPS for the current year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, November 21st. Discover Financial Services's payout ratio is 22.60%.

Wall Street Analysts Forecast Growth

DFS has been the subject of several recent analyst reports. Royal Bank of Canada increased their price target on Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Evercore ISI raised their target price on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of Discover Financial Services from $115.00 to $119.00 and gave the stock a "market perform" rating in a research report on Friday, July 19th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Monday. Finally, Barclays boosted their target price on Discover Financial Services from $135.00 to $137.00 and gave the stock an "equal weight" rating in a report on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Discover Financial Services presently has an average rating of "Hold" and an average price target of $138.81.

About Discover Financial Services

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.