Roger C. Hochschild Sells 15,258 Shares of Discover Financial Services (DFS) Stock

Discover Financial Services (NYSE:DFS) COO Roger C. Hochschild sold 15,258 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $70.54, for a total transaction of $1,076,299.32. Following the transaction, the chief operating officer now owns 751,682 shares of the company’s stock, valued at approximately $53,023,648.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Discover Financial Services (NYSE:DFS) traded up $2.32 during trading hours on Tuesday, hitting $73.44. 3,998,000 shares of the stock were exchanged, compared to its average volume of 2,644,308. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $74.33. The company has a market cap of $25,843.63, a PE ratio of 12.22, a P/E/G ratio of 1.87 and a beta of 1.53. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, November 21st. Discover Financial Services’s dividend payout ratio is currently 24.05%.

DFS has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley lowered their price objective on shares of Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, September 8th. ValuEngine lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Buckingham Research began coverage on shares of Discover Financial Services in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 price objective for the company. Finally, Wells Fargo & Company began coverage on shares of Discover Financial Services in a research report on Tuesday, October 10th. They set a “market perform” rating and a $69.00 price objective for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.45.

A number of hedge funds have recently added to or reduced their stakes in the stock. Grove Bank & Trust lifted its stake in Discover Financial Services by 2,483.3% during the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,490 shares during the period. Rational Advisors LLC acquired a new stake in Discover Financial Services during the 3rd quarter valued at approximately $123,000. Americafirst Capital Management LLC acquired a new stake in Discover Financial Services during the 3rd quarter valued at approximately $140,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Discover Financial Services during the 2nd quarter valued at approximately $157,000. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Discover Financial Services during the 2nd quarter valued at approximately $168,000. Institutional investors own 84.99% of the company’s stock.

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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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