Discover Financial Services (DFS) COO Sells $1,171,509.24 in Stock

Discover Financial Services (NYSE:DFS) COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $76.78, for a total value of $1,171,509.24. Following the transaction, the chief operating officer now owns 723,666 shares of the company’s stock, valued at $55,563,075.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Discover Financial Services (DFS) traded up $0.77 during midday trading on Thursday, hitting $78.25. The stock had a trading volume of 1,994,667 shares, compared to its average volume of 2,346,033. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $78.83. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $28,430.00, a price-to-earnings ratio of 13.47, a PEG ratio of 1.83 and a beta of 1.52.

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

Several research firms recently commented on DFS. Stephens set a $73.00 target price on Discover Financial Services and gave the stock a “sell” rating in a research report on Tuesday. Deutsche Bank began coverage on Discover Financial Services in a research report on Tuesday. They set a “buy” rating and a $92.00 target price for the company. Zacks Investment Research cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, Buckingham Research initiated 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $78.24.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in Discover Financial Services by 2,483.3% during the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,490 shares during the last quarter. Rational Advisors LLC bought a new position in Discover Financial Services during the 3rd quarter valued at approximately $123,000. Americafirst Capital Management LLC bought a new position in Discover Financial Services during the 3rd quarter valued at approximately $140,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Discover Financial Services during the 2nd quarter valued at approximately $157,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Discover Financial Services during the 2nd quarter valued at approximately $170,000. 84.77% of the stock is owned by institutional investors.

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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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