Discover Financial Services (NYSE:DFS) EVP Carlos Minetti sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $71.98, for a total value of $269,925.00. Following the completion of the sale, the executive vice president now owns 122,602 shares of the company’s stock, valued at $8,824,891.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Carlos Minetti also recently made the following trade(s):

  • On Thursday, November 1st, Carlos Minetti sold 3,750 shares of Discover Financial Services stock. The stock was sold at an average price of $69.79, for a total value of $261,712.50.
  • On Monday, October 1st, Carlos Minetti sold 3,750 shares of Discover Financial Services stock. The stock was sold at an average price of $77.26, for a total value of $289,725.00.

Shares of DFS stock opened at $66.38 on Thursday. Discover Financial Services has a 12 month low of $66.32 and a 12 month high of $81.93. The company has a market cap of $22.30 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.68 and a beta of 1.51. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.48 and a quick ratio of 1.48.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $2.05 EPS for the quarter, hitting analysts’ consensus estimates of $2.05. Discover Financial Services had a return on equity of 25.49% and a net margin of 19.51%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.69 billion. Equities analysts anticipate that Discover Financial Services will post 7.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.41%. Discover Financial Services’s dividend payout ratio (DPR) is presently 26.76%.

Several equities research analysts recently weighed in on DFS shares. Zacks Investment Research upgraded Discover Financial Services from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Tuesday, November 27th. Citigroup reduced their target price on Discover Financial Services from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, November 1st. JPMorgan Chase & Co. upgraded Discover Financial Services from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 2nd. ValuEngine lowered Discover Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Bank of America boosted their target price on Discover Financial Services from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, September 21st. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $86.40.

Hedge funds have recently modified their holdings of the company. Adirondack Trust Co. lifted its holdings in shares of Discover Financial Services by 204.5% during the third quarter. Adirondack Trust Co. now owns 1,340 shares of the financial services provider’s stock worth $102,000 after buying an additional 900 shares during the last quarter. Sandy Spring Bank lifted its holdings in shares of Discover Financial Services by 181.5% during the second quarter. Sandy Spring Bank now owns 1,689 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,089 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Discover Financial Services by 8,341.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,026 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,002 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Discover Financial Services in the third quarter valued at $155,000. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Discover Financial Services by 440.1% in the second quarter. Moneta Group Investment Advisors LLC now owns 6,670 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 5,435 shares in the last quarter. Institutional investors own 86.26% of the company’s stock.

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About Discover Financial Services

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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