Discover Financial Services Director Mary K. Bush Unloads 2,941 Shares (DFS)
Discover Financial Services (NYSE:DFS) Director Mary K. Bush sold 2,941 shares of Discover Financial Services stock on the open market in a transaction dated Thursday, May 1st. The shares were sold at an average price of $55.33, for a total transaction of $162,725.53. Following the sale, the director now directly owns 52,075 shares of the company’s stock, valued at approximately $2,881,310. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Discover Financial Services (NYSE:DFS) traded up 0.21% during mid-day trading on Thursday, hitting $56.02. 3,234,651 shares of the company’s stock traded hands. Discover Financial Services has a one year low of $43.73 and a one year high of $60.00. The stock has a 50-day moving average of $57.05 and a 200-day moving average of $54.80. The company has a market cap of $26.380 billion and a P/E ratio of 11.27.
Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. On average, analysts predict that Discover Financial Services will post $5.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 6th. This is an increase from Discover Financial Services’s previous quarterly dividend of $0.20.
A number of analysts have recently weighed in on DFS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note on Wednesday, April 23rd. They now have a $60.00 price target on the stock. Separately, analysts at SunTrust reiterated a “neutral” rating on shares of Discover Financial Services in a research note on Wednesday, April 23rd. They now have a $63.00 price target on the stock, up previously from $58.00. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Discover Financial Services in a research note on Wednesday, April 23rd. They now have a $63.00 price target on the stock. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.23.
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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