Rockefeller Capital Management L.P. Sells 1,232,515 Shares of Discover Financial Services (NYSE:DFS)

Rockefeller Capital Management L.P. trimmed its position in Discover Financial Services (NYSE:DFS - Free Report) by 96.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,670 shares of the financial services provider's stock after selling 1,232,515 shares during the period. Rockefeller Capital Management L.P.'s holdings in Discover Financial Services were worth $6,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DFS. Elser Financial Planning Inc acquired a new position in shares of Discover Financial Services during the second quarter worth approximately $91,044,000. FMR LLC boosted its position in Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider's stock worth $1,051,314,000 after acquiring an additional 558,227 shares during the period. Samlyn Capital LLC boosted its position in Discover Financial Services by 368.0% during the 2nd quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider's stock worth $84,594,000 after acquiring an additional 508,504 shares during the period. Mizuho Securities USA LLC grew its stake in shares of Discover Financial Services by 1,272.0% in the third quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider's stock worth $37,199,000 after purchasing an additional 245,829 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Discover Financial Services by 67.1% during the second quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider's stock valued at $62,606,000 after purchasing an additional 192,142 shares in the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Up 0.6 %

Discover Financial Services stock traded up $1.02 during mid-day trading on Thursday, hitting $177.47. 354,603 shares of the company's stock were exchanged, compared to its average volume of 1,662,136. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The stock has a market cap of $44.56 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.14 and a beta of 1.45. Discover Financial Services has a 1-year low of $96.46 and a 1-year high of $188.26. The stock has a 50 day moving average of $159.10 and a two-hundred day moving average of $140.88.

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 firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the business posted $2.59 earnings per share. As a group, analysts anticipate that Discover Financial Services will post 13.34 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, November 21st. Discover Financial Services's dividend payout ratio (DPR) is 22.60%.

Analyst Upgrades and Downgrades

DFS has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Discover Financial Services from $152.00 to $160.00 and gave the company an "equal weight" rating in a research report 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 stock an "in-line" rating in a report on Wednesday, October 30th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, Royal Bank of Canada boosted their price target 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Discover Financial Services presently has an average rating of "Hold" and a consensus 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.