Kathryn Mcnamara Corley Sells 4,000 Shares of Discover Financial Services (DFS) Stock
Discover Financial Services (NYSE:DFS) EVP Kathryn Mcnamara Corley sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $76.81, for a total value of $307,240.00. Following the completion of the transaction, the executive vice president now directly owns 134,744 shares of the company’s stock, valued at $10,349,686.64. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Discover Financial Services (NYSE:DFS) opened at $78.16 on Friday. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $78.83. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The stock has a market capitalization of $28,434.53, a price-to-earnings ratio of 13.44, a PEG ratio of 1.81 and a beta of 1.52.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is 24.05%.
Several hedge funds have recently bought and sold shares of DFS. Diamond Hill Capital Management Inc. boosted its holdings in Discover Financial Services by 97.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock valued at $453,619,000 after acquiring an additional 3,475,126 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Discover Financial Services in the second quarter valued at $199,350,000. Arrowstreet Capital Limited Partnership boosted its holdings in Discover Financial Services by 320.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider’s stock valued at $166,196,000 after acquiring an additional 2,037,515 shares during the last quarter. Capital World Investors boosted its holdings in Discover Financial Services by 18.3% in the second quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock valued at $657,867,000 after acquiring an additional 1,638,334 shares during the last quarter. Finally, FMR LLC boosted its holdings in Discover Financial Services by 17.4% in the second quarter. FMR LLC now owns 10,374,397 shares of the financial services provider’s stock valued at $645,184,000 after acquiring an additional 1,534,882 shares during the last quarter. Institutional investors and hedge funds own 84.77% of the company’s stock.
Several equities analysts recently weighed in on DFS shares. Oppenheimer set a $71.00 price objective on Discover Financial Services and gave the company a “buy” rating in a research note on Tuesday, October 24th. Nomura dropped their price objective on Discover Financial Services from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Buckingham Research began coverage on Discover Financial Services in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 price target for the company. ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $86.00 price target on shares of Discover Financial Services in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.24.
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Discover Financial Services Company Profile
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.
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