Discover Financial Services (NYSE:DFS) EVP Diane E. Offereins sold 15,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $70.36, for a total value of $1,055,400.00. Following the completion of the transaction, the executive vice president now owns 160,747 shares of the company’s stock, valued at approximately $11,310,158.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Discover Financial Services (NYSE:DFS) traded down $0.26 on Tuesday, reaching $73.18. The company had a trading volume of 3,449,019 shares, compared to its average volume of 2,647,747. The stock has a market cap of $25,843.63, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.53. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $74.41.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.40 annualized dividend and a dividend yield of 1.91%. Discover Financial Services’s payout ratio is currently 24.05%.

Large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. raised its holdings in shares of Discover Financial Services by 6.5% in the 2nd quarter. Prudential Financial Inc. now owns 921,150 shares of the financial services provider’s stock valued at $57,286,000 after acquiring an additional 56,046 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of Discover Financial Services by 120.3% in the 2nd quarter. Calamos Advisors LLC now owns 634,391 shares of the financial services provider’s stock valued at $39,453,000 after acquiring an additional 346,406 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of Discover Financial Services by 23.9% in the 2nd quarter. Annex Advisory Services LLC now owns 15,686 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 3,027 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Discover Financial Services by 97.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock valued at $453,619,000 after acquiring an additional 3,475,126 shares in the last quarter. Finally, NorthCoast Asset Management LLC purchased a new stake in shares of Discover Financial Services in the 2nd quarter valued at about $1,535,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

DFS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Discover Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley reduced their price objective on Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, September 8th. ValuEngine downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Buckingham Research started coverage on Discover Financial Services in a research note on Monday, October 2nd. They set a “buy” rating and a $74.00 price target for the company. Finally, Wells Fargo & Company started coverage on Discover Financial Services in a research note on Tuesday, October 10th. They set a “market perform” rating and a $69.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.45.

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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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