Discover Financial Services (NYSE:DFS) EVP Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $76.81, for a total value of $307,240.00. Following the sale, the executive vice president now owns 134,744 shares of the company’s stock, valued at $10,349,686.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Discover Financial Services (NYSE:DFS) traded up $0.77 on Thursday, reaching $78.25. The company had a trading volume of 1,982,129 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 current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The firm has a market cap 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 business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd were issued a $0.35 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $1.40 annualized dividend and a yield of 1.79%. Discover Financial Services’s dividend payout ratio (DPR) is currently 24.10%.
Several brokerages have recently issued reports on DFS. Stephens set a $73.00 price target on Discover Financial Services and gave the company a “sell” rating in a report on Tuesday. Zacks Investment Research lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank began coverage on Discover Financial Services in a report on Tuesday. They set a “buy” rating and a $92.00 price target for the company. Bank of America upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a report on Monday, December 18th. Finally, Wedbush set a $80.00 price target on Discover Financial Services and gave the company a “buy” rating in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. Discover Financial Services has a consensus rating of “Buy” and a consensus target price of $78.24.
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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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