Nisa Investment Advisors LLC Trims Stake in Discover Financial Services (DFS)

Nisa Investment Advisors LLC trimmed its holdings in Discover Financial Services (NYSE:DFS) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 185,056 shares of the financial services provider’s stock after selling 1,335 shares during the period. Nisa Investment Advisors LLC owned 0.05% of Discover Financial Services worth $14,234,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Grove Bank & Trust raised its holdings in shares of Discover Financial Services by 2,483.3% in the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,490 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Discover Financial Services in the third quarter valued at about $123,000. Americafirst Capital Management LLC purchased a new stake in shares of Discover Financial Services in the third quarter valued at about $140,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Discover Financial Services in the second quarter valued at about $157,000. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Discover Financial Services in the second quarter valued at about $170,000. 84.77% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services (NYSE:DFS) opened at $80.51 on Friday. Discover Financial Services has a one year low of $57.50 and a one year high of $81.00. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The stock has a market cap of $29,255.81, a PE ratio of 13.83, a PEG ratio of 1.79 and a beta of 1.52.

In other Discover Financial Services news, CFO R. Mark Graf sold 16,503 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the transaction, the chief financial officer now directly owns 82,402 shares in the company, valued at $5,493,741.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Roger C. Hochschild sold 15,258 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $66.79, for a total transaction of $1,019,081.82. Following the transaction, the chief operating officer now owns 769,440 shares in the company, valued at $51,390,897.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 179,277 shares of company stock worth $12,673,925. Company insiders own 0.96% of the company’s stock.

DFS has been the subject of a number of research reports. Barclays set a $73.00 target price on shares of Discover Financial Services and gave the company a “hold” rating in a report on Wednesday, October 25th. ValuEngine raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Oppenheimer set a $71.00 target price on shares of Discover Financial Services and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research cut shares of Discover Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Compass Point cut shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $80.76.

COPYRIGHT VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://weekherald.com/2018/01/14/nisa-investment-advisors-llc-trims-stake-in-discover-financial-services-dfs.html.

Discover Financial Services Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Want to see what other hedge funds are holding DFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discover Financial Services (NYSE:DFS).

Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply