Discover Financial Services (NYSE:DFS) CEO Sells $2,389,500.00 in Stock

Discover Financial Services (NYSE:DFS) CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $79.65, for a total transaction of $2,389,500.00. Following the transaction, the chief executive officer now directly owns 1,453,166 shares of the company’s stock, valued at approximately $115,744,671.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Discover Financial Services (NYSE:DFS) opened at $76.50 on Wednesday. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.93. The firm has a market cap of $27,598.76, a PE ratio of 12.72, a P/E/G ratio of 1.24 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 25.88%.

A number of institutional investors have recently added to or reduced their stakes in DFS. Diamond Hill Capital Management Inc. boosted its holdings in Discover Financial Services by 97.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock worth $453,619,000 after purchasing an additional 3,475,126 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Discover Financial Services by 84.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,904,200 shares of the financial services provider’s stock worth $380,703,000 after purchasing an additional 2,698,700 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Discover Financial Services by 273.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,493 shares of the financial services provider’s stock worth $193,030,000 after purchasing an additional 1,837,913 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Discover Financial Services by 2,756.8% during the second quarter. Janus Henderson Group PLC now owns 1,390,802 shares of the financial services provider’s stock worth $86,494,000 after purchasing an additional 1,342,118 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Discover Financial Services during the fourth quarter worth about $76,302,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

DFS has been the subject of a number of analyst reports. Oppenheimer set a $71.00 target price on shares of Discover Financial Services and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Nomura decreased their price target on shares of Discover Financial Services from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price target on shares of Discover Financial Services in a research note on Wednesday, October 25th. Wedbush set a $80.00 price target on shares of Discover Financial Services and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, ValuEngine raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.61.

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Discover Financial Services Company 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.

Insider Buying and Selling by Quarter for Discover Financial Services (NYSE:DFS)

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