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%.
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.
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