Discover Financial Services (DFS) SVP Daniel Peter Capozzi Sells 5,000 Shares

Discover Financial Services (NYSE:DFS) SVP Daniel Peter Capozzi sold 5,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $79.97, for a total value of $399,850.00. Following the transaction, the senior vice president now directly owns 23,977 shares of the company’s stock, valued at approximately $1,917,440.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Discover Financial Services (NYSE DFS) traded up $0.33 on Monday, reaching $81.31. The company’s stock had a trading volume of 2,011,277 shares, compared to its average volume of 2,371,622. The stock has a market capitalization of $29,550.00, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.35 and a beta of 1.52. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $81.93. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 25.88%.

Several research analysts have recently commented on the company. JMP Securities boosted their price objective on Discover Financial Services to $91.00 and gave the stock an “outperform” rating in a report on Thursday. Deutsche Bank assumed coverage on Discover Financial Services in a report on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price objective for the company. Zacks Investment Research lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Bank of America raised Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Monday, December 18th. Finally, BMO Capital Markets cut their target price on Discover Financial Services from $97.00 to $93.00 and set a “market perform” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $85.52.

Several large investors have recently added to or reduced their stakes in the company. M&R Capital Management Inc. boosted its stake in shares of Discover Financial Services by 1.1% during the second quarter. M&R Capital Management Inc. now owns 6,595 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 70 shares during the period. Peapack Gladstone Financial Corp boosted its stake in shares of Discover Financial Services by 1.8% during the second quarter. Peapack Gladstone Financial Corp now owns 5,944 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 107 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Discover Financial Services by 4.7% during the second quarter. Moors & Cabot Inc. now owns 4,364 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 196 shares during the period. Advisory Services Network LLC boosted its stake in shares of Discover Financial Services by 8.5% during the second quarter. Advisory Services Network LLC now owns 2,911 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 229 shares during the period. Finally, National Asset Management Inc. boosted its stake in shares of Discover Financial Services by 5.3% during the second quarter. National Asset Management Inc. now owns 4,614 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 231 shares during the period. 84.59% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/29/discover-financial-services-dfs-svp-daniel-peter-capozzi-sells-5000-shares.html.

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)

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply