Discover Financial Services (NYSE:DFS) announced a quarterly dividend on Thursday, October 13th. Stockholders of record on Thursday, November 3rd will be given a dividend of 0.30 per share by the financial services provider on Thursday, November 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.20%.

Shares of Discover Financial Services (NYSE:DFS) opened at 54.51 on Friday. Discover Financial Services has a 52-week low of $42.86 and a 52-week high of $60.29. The stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 10.24 and a beta of 1.20. The stock has a 50 day moving average price of $57.65 and a 200-day moving average price of $55.70.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Tuesday, July 19th. The financial services provider reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. Discover Financial Services had a net margin of 22.41% and a return on equity of 21.15%. On average, equities research analysts predict that Discover Financial Services will post $5.72 EPS for the current fiscal year.

Dividend History for Discover Financial Services (NYSE:DFS)

In related news, Director Mary K. Bush sold 2,229 shares of Discover Financial Services stock in a transaction on Friday, July 29th. The shares were sold at an average price of $56.98, for a total transaction of $127,008.42. Following the transaction, the director now owns 54,425 shares in the company, valued at approximately $3,101,136.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward W. Mcgrogan sold 1,300 shares of Discover Financial Services stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $56.69, for a total transaction of $73,697.00. Following the transaction, the senior vice president now owns 12,072 shares in the company, valued at approximately $684,361.68. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in Discover Financial Services by 5.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,449,239 shares of the financial services provider’s stock valued at $292,024,000 after buying an additional 292,366 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Discover Financial Services by 2.8% in the second quarter. BlackRock Fund Advisors now owns 4,597,556 shares of the financial services provider’s stock worth $246,383,000 after buying an additional 124,460 shares in the last quarter. Primecap Management Co. CA raised its position in shares of Discover Financial Services by 35.3% in the second quarter. Primecap Management Co. CA now owns 3,866,300 shares of the financial services provider’s stock worth $207,195,000 after buying an additional 1,009,700 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Discover Financial Services by 2.1% in the second quarter. Bessemer Group Inc. now owns 3,601,561 shares of the financial services provider’s stock worth $193,007,000 after buying an additional 72,558 shares in the last quarter. Finally, General Electric Co. raised its position in shares of Discover Financial Services by 2.2% in the second quarter. General Electric Co. now owns 3,297,722 shares of the financial services provider’s stock worth $176,725,000 after buying an additional 70,868 shares in the last quarter. Institutional investors and hedge funds own 85.42% of the company’s stock.

Several brokerages have recently weighed in on DFS. Deutsche Bank AG reiterated a “buy” rating on shares of Discover Financial Services in a research note on Sunday, June 26th. Nomura reiterated a “buy” rating on shares of Discover Financial Services in a research note on Saturday, July 9th. Wells Fargo & Co. restated a “buy” rating on shares of Discover Financial Services in a research report on Saturday, July 9th. Jefferies Group restated a “buy” rating and issued a $70.00 price objective on shares of Discover Financial Services in a research report on Thursday. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Discover Financial Services in a research report on Thursday, June 30th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Discover Financial Services presently has a consensus rating of “Buy” and a consensus price target of $63.69.

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, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

5 Day Chart for NYSE:DFS

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