Discover Financial Services: Institutional Activity

Top investors

Together, the top ten investors in Discover Financial Services (DFS) stock sold 0.4 million shares in the first quarter. A sale of 1.3 million shares by Diamond Hill Capital Management was the largest sale transaction. Capital World Investors bought 1.2 million Discover Financial Services shares in the first quarter. Capital World Investors is the second-largest investor in Discover Financial Services with a 5.7% stake.

Discover Financial Services: Institutional Activity

The above chart shows the top ten investors in Discover Financial Services and their latest position changes. Five of the top ten investors added to their position in the stock, while five of the top investors reduced their position in the stock. Together, the top ten investors own 38.3% of the company’s outstanding shares. The top three investors—the Vanguard Group, Capital World Investors, and BlackRock Institutional Trust Company—each added to their Discover Financial Services positions in the first quarter.

Other transactions

Recently, Norges Bank Investment Management, PIMCO, Lord, Abbett & Co., and Barrow, Hanley, Mewhinney & Strauss each sold 0.9 million Discover Financial Services shares.

Around 76.5% of Discover Financial Services’ outstanding shares are held in North America. Europe accounts for 12.9%, while the Asia-Pacific region accounts for 1.4% of Discover Financial Services’ outstanding share ownership. Discover Financial Services stock has risen 32% year-to-date and outperformed the broader markets. The stock has also outperformed Visa (V) and American Express (AXP) year-to-date.