Wisconsin Capital Management LLC Sells 575 Shares of Discover Financial Services (NYSE:DFS)

Wisconsin Capital Management LLC cut its stake in Discover Financial Services (NYSE:DFS) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,590 shares of the financial services provider’s stock after selling 575 shares during the quarter. Discover Financial Services accounts for about 2.5% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Wisconsin Capital Management LLC’s holdings in Discover Financial Services were worth $4,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC bought a new position in Discover Financial Services in the 4th quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Discover Financial Services in the 4th quarter worth $35,000. Anchor Investment Management LLC bought a new position in shares of Discover Financial Services during the 4th quarter valued at about $42,000. Pinnacle Bancorp Inc. increased its holdings 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 worth $33,000 after purchasing an additional 282 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Discover Financial Services in the third quarter worth about $39,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Price Performance

NYSE:DFS traded down $3.34 during trading hours on Thursday, hitting $125.68. 1,448,616 shares of the stock were exchanged, compared to its average volume of 2,215,735. The firm’s fifty day moving average price is $123.45 and its 200 day moving average price is $107.01. The company has a current ratio of 1.05, a quick ratio of 1.13 and a debt-to-equity ratio of 1.49. The company has a market cap of $31.49 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.78 and a beta of 1.45. Discover Financial Services has a 52-week low of $79.04 and a 52-week high of $131.65.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period last year, the firm posted $3.58 EPS. As a group, equities research analysts anticipate that Discover Financial Services will post 11.39 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Wednesday, May 22nd. Discover Financial Services’s payout ratio is presently 31.93%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DFS shares. Jefferies Financial Group upped their price target on shares of Discover Financial Services from $137.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Discover Financial Services from $140.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, January 19th. Seaport Res Ptn cut shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their price objective on Discover Financial Services from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Barclays lifted their target price on Discover Financial Services from $120.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $126.29.

Insider Activity at Discover Financial Services

In related 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 transaction of $3,748,193.41. Following the completion of the sale, the chief financial officer now directly owns 18,592 shares of the company’s stock, valued at approximately $1,980,233.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by insiders.

Discover Financial Services 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.