Discover Financial Services (NYSE:DFS) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of Discover Financial Services (NYSE:DFS - Free Report) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,490 shares of the financial services provider's stock after selling 3,792 shares during the period. PNC Financial Services Group Inc. owned about 0.09% of Discover Financial Services worth $30,371,000 as of its most recent SEC filing.

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

Discover Financial Services Trading Up 0.2 %

NYSE:DFS opened at $172.80 on Thursday. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.10 and a beta of 1.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. Discover Financial Services has a 1 year low of $85.19 and a 1 year high of $188.26. The business has a fifty day moving average of $150.42 and a 200-day moving average of $136.99.

Discover Financial Services (NYSE:DFS - Get Free Report) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the firm posted $2.59 EPS. Equities analysts predict that Discover Financial Services will post 13.34 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.62%. Discover Financial Services's dividend payout ratio (DPR) is 22.60%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a research report on Friday, October 18th. Evercore ISI boosted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, Wells Fargo & Company increased their target price on Discover Financial Services from $152.00 to $160.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $138.81.

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.