Discover Financial Services (NYSE:DFS) EVP Carlos Minetti sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $66.68, for a total transaction of $533,440.00. Following the transaction, the executive vice president now directly owns 173,149 shares of the company’s stock, valued at approximately $11,545,575.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Carlos Minetti also recently made the following trade(s):

  • On Monday, October 2nd, Carlos Minetti sold 8,000 shares of Discover Financial Services stock. The stock was sold at an average price of $64.51, for a total value of $516,080.00.

Shares of Discover Financial Services (NYSE DFS) traded up $0.54 on Friday, hitting $67.44. The company’s stock had a trading volume of 3,051,025 shares, compared to its average volume of 2,509,120. The company has a market capitalization of $24.32 billion, a price-to-earnings ratio of 11.50 and a beta of 1.52.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, November 21st. Discover Financial Services’s payout ratio is 24.05%.

Discover Financial Services announced that its board has initiated a stock buyback plan on Tuesday, July 25th that permits the company to buyback $2.75 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 11.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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A number of analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $86.00 target price on shares of Discover Financial Services in a report on Wednesday, October 25th. Barclays PLC set a $73.00 target price on Discover Financial Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets decreased their target price on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a report on Wednesday, October 25th. Bank of America Corporation boosted their target price on Discover Financial Services from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Nomura decreased their target price on Discover Financial Services from $81.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. Discover Financial Services has an average rating of “Hold” and an average target price of $74.45.

Several hedge funds have recently bought and sold shares of the stock. GM Advisory Group Inc. raised its position in shares of Discover Financial Services by 0.3% during the 2nd quarter. GM Advisory Group Inc. now owns 5,304 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 17 shares in the last quarter. South State Corp raised its position in shares of Discover Financial Services by 0.7% during the 2nd quarter. South State Corp now owns 3,457 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 25 shares in the last quarter. Advisor Partners LLC raised its position in shares of Discover Financial Services by 0.4% during the 2nd quarter. Advisor Partners LLC now owns 7,159 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 27 shares in the last quarter. First Bank & Trust raised its position in shares of Discover Financial Services by 1.4% during the 2nd quarter. First Bank & Trust now owns 3,135 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 42 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its position in shares of Discover Financial Services by 2.3% during the 1st quarter. Perigon Wealth Management LLC now owns 2,146 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 48 shares in the last quarter. 86.40% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Discover Financial Services (NYSE:DFS)

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