Insider Selling: Discover Financial Services EVP Unloads 20,610 Shares of Stock (DFS)
Discover Financial Services (NYSE:DFS) EVP Harit Talwar sold 20,610 shares of Discover Financial Services stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $50.97, for a total value of $1,050,491.70. Following the sale, the executive vice president now directly owns 257,503 shares of the company’s stock, valued at approximately $13,124,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Discover Financial Services (NYSE:DFS) traded up 0.05% on Friday, hitting $51.905. 1,580,553 shares of the company’s stock traded hands. Discover Financial Services has a 1-year low of $37.00 and a 1-year high of $51.70. The stock’s 50-day moving average is $51.55 and its 200-day moving average is $48.8. The company has a market cap of $24.862 billion and a price-to-earnings ratio of 11.63.
Discover Financial Services (NYSE:DFS) last announced its earnings results on Monday, October 21st. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.19 by $0.01. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. Discover Financial Services’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Discover Financial Services will post $4.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, November 5th.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated a “buy” rating on shares of Discover Financial Services in a research note to investors on Sunday, October 27th. They now have a $59.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Discover Financial Services from $54.00 to $58.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Discover Financial Services in a research note to investors on Tuesday, October 22nd. They now have a $62.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.23.
Discover Financial Services is a direct banking and payment services company. The Company is a bank holding company and a financial holding company.
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