Insider Selling: Discover Financial Services (DFS) EVP Sells $1,046,100.00 in Stock

Discover Financial Services (NYSE:DFS) EVP Diane E. Offereins sold 15,000 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $69.74, for a total transaction of $1,046,100.00. Following the completion of the sale, the executive vice president now owns 115,701 shares in the company, valued at $8,068,987.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE DFS opened at $70.34 on Friday. The company has a market cap of $25,588.61, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 1.06 and a beta of 1.46. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.93. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.51 and a quick ratio of 1.51.

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Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. sell-side analysts expect that Discover Financial Services will post 7.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 1.99%. Discover Financial Services’s dividend payout ratio is currently 23.41%.

A number of analysts recently weighed in on DFS shares. Deutsche Bank started coverage on shares of Discover Financial Services in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $92.00 price target on the stock. Zacks Investment Research upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, January 2nd. Bank of America upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday, December 18th. Instinet cut their price target on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Finally, Barclays set a $95.00 price target on shares of Discover Financial Services and gave the company a “buy” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $84.88.

Several institutional investors and hedge funds have recently modified their holdings of DFS. New York State Common Retirement Fund grew its stake in shares of Discover Financial Services by 4.7% during the 3rd quarter. New York State Common Retirement Fund now owns 965,900 shares of the financial services provider’s stock worth $62,281,000 after acquiring an additional 43,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Discover Financial Services by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,585 shares of the financial services provider’s stock worth $110,748,000 after acquiring an additional 17,449 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Discover Financial Services by 50.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 13,460 shares of the financial services provider’s stock worth $868,000 after acquiring an additional 4,539 shares in the last quarter. BB&T Investment Services Inc. grew its stake in shares of Discover Financial Services by 10.9% during the 3rd quarter. BB&T Investment Services Inc. now owns 12,993 shares of the financial services provider’s stock worth $835,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Engineers Gate Manager LP grew its stake in shares of Discover Financial Services by 37.9% during the 3rd quarter. Engineers Gate Manager LP now owns 30,954 shares of the financial services provider’s stock worth $1,996,000 after acquiring an additional 8,513 shares in the last quarter. 86.37% of the stock is owned by institutional investors.

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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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