Robeco Institutional Asset Management B.V. Has $39.58 Million Stock Holdings in Discover Financial Services (NYSE:DFS)

Robeco Institutional Asset Management B.V. decreased its holdings in Discover Financial Services (NYSE:DFS - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 282,126 shares of the financial services provider's stock after selling 6,913 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Discover Financial Services worth $39,579,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DFS. Van ECK Associates Corp grew its position in Discover Financial Services by 3.0% in the third quarter. Van ECK Associates Corp now owns 45,965 shares of the financial services provider's stock valued at $6,672,000 after acquiring an additional 1,318 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Discover Financial Services in the 3rd quarter valued at approximately $53,000. Janney Montgomery Scott LLC bought a new stake in shares of Discover Financial Services during the 3rd quarter valued at approximately $2,415,000. Chicago Partners Investment Group LLC increased its position in Discover Financial Services by 0.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 22,120 shares of the financial services provider's stock worth $3,211,000 after purchasing an additional 96 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Discover Financial Services by 20.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,922 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company's stock.

Discover Financial Services Trading Up 20.2 %

DFS traded up $30.70 during trading on Wednesday, reaching $182.55. 8,217,745 shares of the stock traded hands, compared to its average volume of 1,661,884. The stock's 50-day moving average is $142.21 and its 200 day moving average is $133.60. Discover Financial Services has a 12 month low of $82.15 and a 12 month high of $188.26. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $45.83 billion, a PE ratio of 14.73, a P/E/G ratio of 0.97 and a beta of 1.41.

Discover Financial Services (NYSE:DFS - Get Free Report) last released 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 return on equity of 21.38% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.36 billion. During the same quarter last year, the firm posted $2.59 earnings per share. Equities analysts anticipate that Discover Financial Services will post 13.28 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.53%. Discover Financial Services's payout ratio is presently 22.60%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DFS. Wells Fargo & Company boosted their target price on shares of Discover Financial Services from $152.00 to $160.00 and gave the stock an "equal weight" rating in a research note 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 report on Wednesday, October 30th. StockNews.com downgraded Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Monday. Barclays boosted their price target 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. Finally, Royal Bank of Canada raised their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.