Kathryn Mcnamara Corley Sells 37,000 Shares of Discover Financial Services (DFS) Stock

Discover Financial Services (NYSE:DFS) EVP Kathryn Mcnamara Corley sold 37,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $80.08, for a total value of $2,962,960.00. Following the completion of the sale, the executive vice president now directly owns 147,770 shares of the company’s stock, valued at $11,833,421.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kathryn Mcnamara Corley also recently made the following trade(s):

  • On Tuesday, January 2nd, Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock. The stock was sold at an average price of $76.81, for a total value of $307,240.00.

Shares of Discover Financial Services (NYSE:DFS) traded up $0.33 during trading on Monday, reaching $81.31. The company had a trading volume of 2,012,023 shares, compared to its average volume of 2,371,622. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $81.93. The stock has a market cap of $29,550.00, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.08 and a debt-to-equity ratio of 2.52.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 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 1.72%. The ex-dividend date is Wednesday, February 21st. Discover Financial Services’s dividend payout ratio (DPR) is 25.88%.

DFS has been the subject of a number of recent research reports. BMO Capital Markets cut their target price on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a research note on Wednesday, October 25th. 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. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $83.00 target price (up from $69.00) on shares of Discover Financial Services in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price target on shares of Discover Financial Services in a report on Wednesday, October 25th. Finally, Zacks Investment Research cut Discover Financial Services from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Discover Financial Services presently has a consensus rating of “Buy” and an average target price of $85.52.

Institutional investors have recently made changes to their positions in the stock. Grove Bank & Trust raised its position in Discover Financial Services by 2,483.3% in 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 in the last quarter. Rational Advisors LLC acquired a new stake in Discover Financial Services in the 3rd quarter valued at about $123,000. Americafirst Capital Management LLC acquired a new stake in Discover Financial Services in the 3rd quarter valued at about $140,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Discover Financial Services in the 2nd quarter valued at about $157,000. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Discover Financial Services in the 2nd quarter valued at about $170,000. Institutional investors own 84.59% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Discover Financial Services (NYSE:DFS)

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