Discover Financial Services (DFS) CEO David W. Nelms Sells 30,000 Shares of Stock

Discover Financial Services (NYSE:DFS) CEO David W. Nelms sold 30,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 1,409,912 shares of the company’s stock, valued at approximately $108,196,646.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Discover Financial Services (DFS) traded up $0.77 during trading on Friday, hitting $78.25. The stock had a trading volume of 1,994,600 shares, compared to its average volume of 2,346,033. The stock has a market cap of $28,290.00, a PE ratio of 13.47, a P/E/G ratio of 1.84 and a beta of 1.52. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $78.83.

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

A number of institutional investors and hedge funds have recently made changes to their positions in DFS. Grove Bank & Trust lifted its stake in Discover Financial Services by 2,483.3% during the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $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 third quarter worth $123,000. Americafirst Capital Management LLC bought a new position in Discover Financial Services during the third quarter worth $140,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Discover Financial Services during the second quarter worth $157,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Discover Financial Services during the second quarter worth $170,000. Hedge funds and other institutional investors own 84.77% of the company’s stock.

DFS has been the subject of a number of analyst reports. ValuEngine cut Discover Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Wells Fargo & Co initiated coverage on Discover Financial Services in a report on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 price target for the company. Zacks Investment Research upgraded Discover Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. 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, Buckingham Research initiated coverage on Discover Financial Services in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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.

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

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