Discover Financial Services EVP Carlos Minetti Sells 82,231 Shares (DFS)
Discover Financial Services (NYSE:DFS) EVP Carlos Minetti sold 82,231 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $54.82, for a total transaction of $4,507,903.42. Following the transaction, the executive vice president now directly owns 342,966 shares in the company, valued at approximately $18,801,396. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday. They now have a $66.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note to investors on Friday, January 24th. They now have a $55.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Discover Financial Services from $57.00 to $65.00 in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $57.70.
Shares of Discover Financial Services (NYSE:DFS) traded down 2.37% during mid-day trading on Wednesday, hitting $53.98. 3,837,339 shares of the company’s stock traded hands. Discover Financial Services has a 52-week low of $37.24 and a 52-week high of $56.20. The stock has a 50-day moving average of $54.17 and a 200-day moving average of $51.74. The company has a market cap of $25.640 billion and a price-to-earnings ratio of 11.15.
Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.11 billion. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Discover Financial Services will post $5.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, February 4th.
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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