Discover Financial Services (NYSE:DFS) CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction on Friday, December 1st. The shares were sold at an average price of $70.15, for a total value of $2,104,500.00. Following the sale, the chief executive officer now directly owns 1,441,912 shares in the company, valued at approximately $101,150,126.80. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Discover Financial Services (NYSE:DFS) traded up $2.32 during midday trading on Tuesday, hitting $73.44. The stock had a trading volume of 3,998,000 shares, compared to its average volume of 2,644,308. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $74.33. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. The company 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, November 21st. Discover Financial Services’s payout ratio is currently 24.05%.

A number of analysts have recently commented on DFS shares. ValuEngine downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Morgan Stanley cut their target price on Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, September 8th. Compass Point lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. BMO Capital Markets cut their target price on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 25th. Finally, Barclays set a $73.00 target price on Discover Financial Services and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $74.45.

A number of institutional investors have recently bought and sold shares of DFS. Grove Bank & Trust raised its position in shares of Discover Financial Services by 2,483.3% in the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,490 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Discover Financial Services in the third quarter worth $123,000. Americafirst Capital Management LLC bought a new stake in shares of Discover Financial Services in the third quarter worth $140,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Discover Financial Services in the second quarter worth $157,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Discover Financial Services in the second quarter worth $168,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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Discover Financial Services Company Profile

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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