Discover Financial Services (NYSE:DFS) CEO David W. Nelms sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $76.74, for a total value of $2,302,200.00. Following the sale, the chief executive officer now directly owns 1,409,912 shares of the company’s stock, valued at approximately $108,196,646.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Discover Financial Services (NYSE DFS) traded up $0.77 during trading hours on Thursday, reaching $78.25. The company’s stock had a trading volume of 1,994,667 shares, compared to its average volume of 2,346,033. The company has a market capitalization of $28,430.00, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.83 and a beta of 1.52. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $78.83.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. Discover Financial Services’s dividend payout ratio is presently 24.10%.

Several hedge funds have recently bought and sold shares of DFS. Diamond Hill Capital Management Inc. lifted its holdings in shares of Discover Financial Services by 97.6% in the third 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 purchasing an additional 3,475,126 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Discover Financial Services in the second quarter valued at approximately $199,350,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Discover Financial Services by 320.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider’s stock valued at $166,196,000 after purchasing an additional 2,037,515 shares in the last quarter. Capital World Investors lifted its holdings in shares of Discover Financial Services by 18.3% in the second quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock valued at $657,867,000 after purchasing an additional 1,638,334 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Discover Financial Services by 17.4% in the second quarter. FMR LLC now owns 10,374,397 shares of the financial services provider’s stock valued at $645,184,000 after purchasing an additional 1,534,882 shares in the last quarter. Institutional investors own 84.77% of the company’s stock.

Several research firms recently commented on DFS. Zacks Investment Research raised Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday. ValuEngine cut Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Morgan Stanley decreased their target price 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. Compass Point lowered Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets cut their price target on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.24.

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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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