OLD Second National Bank of Aurora cut its position in Discover Financial Services (NYSE:DFS – Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,472 shares of the financial services provider’s stock after selling 446 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Discover Financial Services were worth $2,526,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new position in Discover Financial Services during the fourth quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Discover Financial Services in the third quarter valued at about $30,000. Resurgent Financial Advisors LLC bought a new stake in shares of Discover Financial Services in the fourth quarter valued at about $31,000. Pinnacle Bancorp Inc. boosted its position in shares of Discover Financial Services by 282.0% in the third quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 282 shares during the period. Finally, Compass Wealth Management LLC acquired a new position in Discover Financial Services in the fourth quarter valued at about $34,000. 86.94% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Discover Financial Services news, CFO John Greene sold 35,191 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $106.51, for a total value of $3,748,193.41. Following the completion of the transaction, the chief financial officer now owns 18,592 shares in the company, valued at approximately $1,980,233.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on DFS
Discover Financial Services Stock Performance
Shares of Discover Financial Services stock traded up $4.88 during trading hours on Thursday, hitting $124.77. 774,600 shares of the company’s stock traded hands, compared to its average volume of 2,238,415. Discover Financial Services has a 12-month low of $79.04 and a 12-month high of $131.65. The stock has a market capitalization of $31.26 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.85 and a beta of 1.45. The company has a fifty day simple moving average of $121.38 and a 200-day simple moving average of $105.53. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.13 and a quick ratio of 1.13.
Discover Financial Services (NYSE:DFS – Get Free Report) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($1.88). The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Discover Financial Services had a net margin of 14.30% and a return on equity of 22.24%. During the same period in the prior year, the business earned $3.58 earnings per share. Equities research analysts anticipate that Discover Financial Services will post 11.2 EPS for the current fiscal year.
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; private student loans, 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.
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