Rockefeller Capital Management L.P. Has $6.12 Million Stake in Discover Financial Services (NYSE:DFS)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Discover Financial Services (NYSE:DFS) by 96.6% in the third quarter, HoldingsChannel reports. The firm 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Discover Financial Services during the 2nd quarter valued at $26,000. DiNuzzo Private Wealth Inc. increased its stake 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 valued at $26,000 after buying an additional 157 shares during the period. Y.D. More Investments Ltd increased its stake in shares of 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 buying an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Discover Financial Services by 72.5% in 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 buying an additional 95 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of 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 valued at $33,000 after buying an additional 195 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DFS has been the subject of several research reports. Wells Fargo & Company lifted 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. Evercore ISI lifted their target price on 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. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their target price on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $138.81.

Discover Financial Services Stock Performance

DFS stock opened at $176.31 on Thursday. The business’s 50-day moving average price is $159.10 and its two-hundred day moving average price is $140.88. 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 firm has a market cap of $44.27 billion, a PE ratio of 14.23, a P/E/G ratio of 1.15 and a beta of 1.45. Discover Financial Services has a 1-year low of $94.00 and a 1-year high of $188.26.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same period in the previous year, the company posted $2.59 earnings per share. As a group, research analysts forecast that Discover Financial Services will post 13.34 earnings per share for the current 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, November 21st. Discover Financial Services’s dividend payout ratio is 22.60%.

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.