Insider Selling: Discover Financial Services (DFS) CEO Sells 15,000 Shares of Stock

Discover Financial Services (NYSE:DFS) CEO David W. Nelms sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $67.93, for a total value of $1,018,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Discover Financial Services (NYSE:DFS) opened at 66.69 on Friday. The company’s 50-day moving average price is $68.30 and its 200 day moving average price is $66.77. The firm has a market capitalization of $25.71 billion, a PE ratio of 11.56 and a beta of 1.42. Discover Financial Services has a one year low of $50.32 and a one year high of $74.33.

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

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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.80%. Discover Financial Services’s dividend payout ratio (DPR) is presently 20.76%.

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Several research analysts have weighed in on the company. Oppenheimer Holdings Inc. set a $85.00 target price on Discover Financial Services and gave the company a “buy” rating in a research note on Tuesday, January 24th. Barclays PLC set a $79.00 target price on Discover Financial Services and gave the company a “hold” rating in a research note on Sunday, January 8th. Sandler O’Neill set a $79.00 target price on Discover Financial Services and gave the company a “buy” rating in a research note on Wednesday, January 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $82.00 target price on shares of Discover Financial Services in a research note on Tuesday, January 10th. Finally, JMP Securities lifted their target price on Discover Financial Services from $71.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $71.10.

Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its stake in Discover Financial Services by 18.8% in the third quarter. Acrospire Investment Management LLC now owns 1,900 shares of the financial services provider’s stock worth $107,000 after buying an additional 300 shares during the last quarter. Cable Hill Partners LLC raised its stake in Discover Financial Services by 112.1% in the third quarter. Cable Hill Partners LLC now owns 1,926 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,018 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in Discover Financial Services by 64.2% in the first quarter. Orrstown Financial Services Inc. now owns 1,716 shares of the financial services provider’s stock worth $117,000 after buying an additional 671 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Discover Financial Services by 52.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the financial services provider’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Discover Financial Services during the fourth quarter worth about $151,000. Institutional investors own 85.54% 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.

5 Day Chart for NYSE:DFS

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