Mary K. Bush Sells 496 Shares of Discover Financial Services (DFS) Stock

Discover Financial Services (NYSE:DFS) Director Mary K. Bush sold 496 shares of Discover Financial Services stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $77.53, for a total value of $38,454.88. Following the sale, the director now owns 53,564 shares of the company’s stock, valued at approximately $4,152,816.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NYSE DFS traded down $0.83 during trading hours on Friday, reaching $77.29. 1,356,645 shares of the stock traded hands, compared to its average volume of 1,943,764. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 1.19 and a beta of 1.64. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.46. Discover Financial Services has a 52-week low of $54.36 and a 52-week high of $82.51.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.13. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Discover Financial Services had a return on equity of 26.34% and a net margin of 20.98%. Discover Financial Services’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $1.82 EPS. On average, analysts forecast that Discover Financial Services will post 8.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 24th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. Discover Financial Services’s dividend payout ratio (DPR) is currently 20.54%.

DFS has been the subject of a number of research analyst reports. Bank of America set a $80.00 price target on Discover Financial Services and gave the company a “buy” rating in a research report on Friday, January 25th. JMP Securities raised their price objective on Discover Financial Services from $74.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, April 4th. Oppenheimer cut Discover Financial Services from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 7th. Nomura raised their price objective on Discover Financial Services from $81.00 to $86.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Morgan Stanley raised their price objective on Discover Financial Services from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.69.

A number of institutional investors have recently made changes to their positions in DFS. Icon Wealth Partners LLC purchased a new position in Discover Financial Services in the 1st quarter worth approximately $26,000. Financial Gravity Companies Inc. purchased a new position in Discover Financial Services in the 4th quarter worth approximately $29,000. Cerebellum GP LLC purchased a new position in Discover Financial Services in the 4th quarter worth approximately $30,000. Massey Quick Simon & CO. LLC purchased a new position in Discover Financial Services in the 4th quarter worth approximately $30,000. Finally, Pinnacle Bank purchased a new position in Discover Financial Services in the 4th quarter worth approximately $32,000. 87.79% of the stock is currently owned by institutional investors and hedge funds.

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Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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

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