Discover Financial Services (NYSE:DFS) Director Mary K. Bush sold 4,674 shares of Discover Financial Services stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $76.17, for a total value of $356,018.58. Following the sale, the director now directly owns 54,060 shares of the company’s stock, valued at approximately $4,117,750.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Discover Financial Services opened at $77.23 on Friday, according to MarketBeat Ratings. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $81.93. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $27.16 billion, a PE ratio of 12.24, a P/E/G ratio of 0.96 and a beta of 1.47.
Discover Financial Services (NYSE:DFS) last released its earnings results on Thursday, April 26th. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.05. Discover Financial Services had a return on equity of 22.79% and a net margin of 18.43%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the company posted $1.43 EPS. Discover Financial Services’s revenue for the quarter was up 10.1% on a year-over-year basis. equities research analysts forecast that Discover Financial Services will post 7.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is presently 23.41%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of Discover Financial Services in the 1st quarter valued at about $143,000. Private Capital Group LLC lifted its stake in shares of Discover Financial Services by 8,258.3% in the 1st quarter. Private Capital Group LLC now owns 2,006 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,982 shares during the last quarter. Focused Wealth Management Inc bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $177,000. Equity Investment Corp bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $205,000. Finally, Hunter Associates Investment Management LLC bought a new stake in shares of Discover Financial Services in the 4th quarter valued at about $215,000. 87.57% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Discover Financial Services from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Instinet dropped their price objective on Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Argus raised Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, January 26th. Royal Bank of Canada dropped their price objective on Discover Financial Services to $100.00 and set a “top pick” rating for the company in a research note on Thursday, January 25th. Finally, Barclays dropped their price objective on Discover Financial Services from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Discover Financial Services has a consensus rating of “Buy” and an average target price of $85.43.
About Discover Financial Services
Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
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