Headlines about Discover Financial Services (NYSE:DFS) have trended positive on Saturday, Alpha One reports. The research firm, a unit of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Discover Financial Services earned a daily sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave media coverage about the financial services provider an impact score of 74 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Alpha One Sentiment’s rankings:
- Jefferies Group LLC Reiterates Buy Rating for Discover Financial Services (DFS) (americanbankingnews.com)
- Quantbot Technologies LP Purchases Shares of 48689 Discover Financial Services (DFS) (naijaoversabi.com)
- The Discover Financial Services (DFS) Earns News Impact Rating of 0.15 (leisuretravelaid.com)
- Discover Financial Services (DFS) Shares Sold by Northwestern Mutual Wealth Management Co (badhub.net)
- Discover Financial Services (DFS) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
Shares of Discover Financial Services (DFS) traded up 0.63% during mid-day trading on Friday, hitting $61.10. 3,531,892 shares of the stock were exchanged. The stock has a market capitalization of $23.23 billion, a P/E ratio of 10.44 and a beta of 1.47. The stock’s 50 day moving average price is $60.13 and its 200-day moving average price is $67.24. Discover Financial Services has a 12-month low of $50.32 and a 12-month high of $74.33.
Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Discover Financial Services had a return on equity of 21.86% and a net margin of 22.08%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business earned $1.35 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Discover Financial Services will post $6.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, May 9th. Discover Financial Services’s dividend payout ratio (DPR) is presently 20.48%.
Several equities research analysts have recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $82.00 price target on shares of Discover Financial Services in a research report on Friday. BidaskClub upgraded shares of Discover Financial Services from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Discover Financial Services in a research report on Friday, May 12th. Oppenheimer Holdings, Inc. lowered their price target on shares of Discover Financial Services from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, April 26th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $70.00 price target on shares of Discover Financial Services in a research report on Thursday, June 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $74.40.
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In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $62.18, for a total transaction of $1,865,400.00. Following the transaction, the chief executive officer now directly owns 1,674,732 shares in the company, valued at approximately $104,134,835.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Nelms sold 15,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $67.93, for a total value of $1,018,950.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,342 shares of company stock worth $7,344,016. Company insiders own 0.96% 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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