News headlines about Discover Financial Services (NYSE:DFS) have trended somewhat positive on Friday, Alpha One reports. Alpha One, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Discover Financial Services earned a news impact score of 0.22 on Alpha One’s scale. Alpha One also assigned news stories about the financial services provider an impact score of 64 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected AlphaOne’s scoring:
- Is a Surprise Coming for Discover Financial (DFS) This Earnings Season? (finance.yahoo.com)
- Discover Financial (DFS) Q1 Earnings: Is a Beat in Store? (finance.yahoo.com)
- Equities Analysts Set Expectations for Discover Financial Services’ Q2 2017 Earnings (DFS) (americanbankingnews.com)
- [$$] Visa Posts Stronger-Than-Expected Results but Profit Falls on Charges (finance.yahoo.com)
- Discover Financial Services (DFS) to Issue Quarterly Dividend of $0.30 (americanbankingnews.com)
Shares of Discover Financial Services (NYSE:DFS) traded down 0.69% during midday trading on Friday, hitting $66.23. 2,851,914 shares of the stock traded hands. Discover Financial Services has a 52-week low of $50.32 and a 52-week high of $74.33. The stock has a 50-day moving average of $68.30 and a 200-day moving average of $66.77. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 11.48 and a beta of 1.42.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. Discover Financial Services’s dividend payout ratio is presently 20.76%.
A number of analysts have recently weighed in on DFS shares. Oppenheimer Holdings Inc. set a $85.00 target price on shares of Discover Financial Services and gave the stock a “buy” rating in a report on Tuesday, January 24th. Sandler O’Neill set a $79.00 price target on shares of Discover Financial Services and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Wedbush set a $78.00 price target on shares of Discover Financial Services and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Discover Financial Services in a research note on Sunday, January 8th. Finally, Compass Point initiated coverage on shares of Discover Financial Services in a research note on Friday, January 6th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.10.
In other news, EVP Julie A. Loeger sold 3,871 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $68.94, for a total transaction of $266,866.74. Following the completion of the sale, the executive vice president now owns 24,414 shares in the company, valued at approximately $1,683,101.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James V. Panzarino sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $69.28, for a total transaction of $346,400.00. Following the sale, the executive vice president now owns 74,505 shares of the company’s stock, valued at approximately $5,161,706.40. The disclosure for this sale can be found here. Insiders have sold a total of 66,559 shares of company stock valued at $4,576,966 in the last 90 days. Insiders own 1.07% of the company’s stock.
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.
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