Discover Financial Services (NYSE:DFS) Director Lawrence A. Weinbach sold 7,688 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $70.61, for a total transaction of $542,849.68. Following the completion of the transaction, the director now owns 46,698 shares of the company’s stock, valued at $3,297,345.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Discover Financial Services (NYSE:DFS) opened at 70.84 on Friday. The company has a market capitalization of $27.56 billion, a price-to-earnings ratio of 12.28 and a beta of 1.42. Discover Financial Services has a 1-year low of $45.27 and a 1-year high of $74.33. The firm has a 50 day moving average of $70.36 and a 200-day moving average of $63.32.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Investors of record on Thursday, February 9th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.69%. Discover Financial Services’s dividend payout ratio is currently 20.76%.

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A number of large investors have recently bought and sold shares of DFS. State Street Corp raised its stake in Discover Financial Services by 6.1% in the fourth quarter. State Street Corp now owns 21,146,396 shares of the financial services provider’s stock worth $1,524,446,000 after buying an additional 1,207,103 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Discover Financial Services by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,857,013 shares of the financial services provider’s stock worth $613,964,000 after buying an additional 47,257 shares in the last quarter. FMR LLC raised its stake in Discover Financial Services by 3.7% in the fourth quarter. FMR LLC now owns 9,844,614 shares of the financial services provider’s stock worth $709,698,000 after buying an additional 355,684 shares in the last quarter. LSV Asset Management raised its stake in Discover Financial Services by 1.3% in the third quarter. LSV Asset Management now owns 7,015,656 shares of the financial services provider’s stock worth $396,735,000 after buying an additional 90,549 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in Discover Financial Services by 10.4% in the third quarter. BlackRock Advisors LLC now owns 5,502,924 shares of the financial services provider’s stock worth $311,190,000 after buying an additional 516,575 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Compass Point assumed coverage on shares of Discover Financial Services in a research report on Friday, January 6th. They set a “buy” rating for the company. Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price objective on shares of Discover Financial Services in a research report on Friday, October 28th. Bank of America Corporation upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating in a research report on Thursday, December 15th. Zacks Investment Research upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, January 10th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Discover Financial Services in a research report on Sunday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $68.00.

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, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

5 Day Chart for NYSE:DFS

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