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

Discover Financial Services (NYSE:DFS) COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $76.78, for a total transaction of $1,171,509.24. Following the sale, the chief operating officer now directly owns 723,666 shares of the company’s stock, valued at approximately $55,563,075.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Discover Financial Services (NYSE:DFS) traded up $0.77 during midday trading on Friday, hitting $78.25. 1,994,600 shares of the company’s stock were exchanged, compared to its average volume of 2,346,033. The stock has a market capitalization of $28,290.00, a PE ratio of 13.47, a P/E/G ratio of 1.84 and a beta of 1.52. 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 business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. Discover Financial Services’s dividend payout ratio is currently 24.10%.

A number of equities research analysts recently commented on DFS shares. Morgan Stanley decreased their target price 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. BMO Capital Markets decreased their target price on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Bank of America increased their target price on shares of Discover Financial Services from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $86.00 target price on shares of Discover Financial Services in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.24.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its stake in shares of Discover Financial Services by 8.2% in the second quarter. Pacer Advisors Inc. now owns 9,099 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 693 shares during the period. Atlantic Trust Group LLC increased its stake in shares of Discover Financial Services by 1.6% in the second quarter. Atlantic Trust Group LLC now owns 25,591 shares of the financial services provider’s stock worth $1,591,000 after acquiring an additional 406 shares during the period. LSV Asset Management increased its stake in shares of Discover Financial Services by 1.6% in the second quarter. LSV Asset Management now owns 6,472,520 shares of the financial services provider’s stock worth $402,525,000 after acquiring an additional 103,554 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of Discover Financial Services in the second quarter worth $669,000. Finally, Schroder Investment Management Group increased its stake in shares of Discover Financial Services by 12.4% in the second quarter. Schroder Investment Management Group now owns 2,335,187 shares of the financial services provider’s stock worth $143,638,000 after acquiring an additional 257,079 shares during the period. 84.77% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Discover Financial Services (DFS) COO Roger C. Hochschild Sells 15,258 Shares” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2018/01/05/discover-financial-services-dfs-coo-roger-c-hochschild-sells-15258-shares.html.

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.

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

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply