Discover Financial Services (NYSE:DFS) EVP Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $80.28, for a total value of $321,120.00. Following the completion of the transaction, the executive vice president now owns 103,323 shares in the company, valued at approximately $8,294,770.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kathryn Mcnamara Corley also recently made the following trade(s):
- On Friday, January 26th, Kathryn Mcnamara Corley sold 37,000 shares of Discover Financial Services stock. The stock was sold at an average price of $80.08, for a total value of $2,962,960.00.
- On Tuesday, January 2nd, Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock. The stock was sold at an average price of $76.81, for a total value of $307,240.00.
Discover Financial Services (NYSE DFS) traded up $0.09 during midday trading on Wednesday, reaching $76.59. The company’s stock had a trading volume of 508,878 shares, compared to its average volume of 2,280,599. Discover Financial Services has a one year low of $57.50 and a one year high of $81.93. The firm has a market capitalization of $27,598.76, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.24 and a beta of 1.54. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.08 and a quick ratio of 1.55.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, February 21st. Discover Financial Services’s payout ratio is 25.88%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. lifted its stake in Discover Financial Services by 97.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock worth $453,619,000 after acquiring an additional 3,475,126 shares in the last quarter. TD Asset Management Inc. increased its holdings in Discover Financial Services by 71.9% during the 3rd quarter. TD Asset Management Inc. now owns 1,975,814 shares of the financial services provider’s stock worth $127,401,000 after purchasing an additional 826,606 shares during the period. Sciencast Management LP purchased a new stake in Discover Financial Services during the 2nd quarter worth about $373,000. Wasatch Advisors Inc. increased its holdings in Discover Financial Services by 24.3% during the 3rd quarter. Wasatch Advisors Inc. now owns 16,352 shares of the financial services provider’s stock worth $1,054,000 after purchasing an additional 3,200 shares during the period. Finally, Investec Asset Management LTD increased its holdings in Discover Financial Services by 26.7% during the 3rd quarter. Investec Asset Management LTD now owns 239,187 shares of the financial services provider’s stock worth $15,423,000 after purchasing an additional 50,412 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.
DFS has been the subject of several recent analyst reports. ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays set a $73.00 target price on Discover Financial Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. Argus raised Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, January 26th. Instinet decreased their price target on Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, Morgan Stanley boosted their price target on Discover Financial Services from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.61.
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About Discover Financial Services
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.
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