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Wednesday, September 27, 2023

Analyst Expects Discover Financial Services (NYSE: DFS) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Discover Financial Services (DFS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.36, or -0.40%, to $89.03. The Discover Financial Services has recorded 167,138 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Discover Financial Services and Discover Bank Appoint Kathy “Moe” Lonowski to Their Boards of Directors.

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Stocks Info

As a NYSE listed company, DFS falls under the Financial sector while operating within the Credit Services industry segment. At the end of the last regular session, the stock closed at $89.39 and fluctuated between $91.46 as its day high and $89.12 as its day low. The current market capitalization of Discover Financial Services is $21.86B. A total of 1.84 million shares were traded on the day, compared to an average of 2.53M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DFS has seen 4 BUY and 1 SELL insider trades, representing the acquisition of 18,068 and the disposition of 207 shares. Over the last 12 months, there were 34 BUYs and 22 SELLs from insiders. Insiders purchased 346,504 shares during that period but sold 177,284.

In the most recent transaction, Eichfeld Robert Andrew sold 13,477 shares of DFS for 114.18 per share on Mar 03. After the transaction, the EVP – Chief HR & Admin Officer now owns 31,509 company shares. In a previous transaction on Feb 02, Minetti Carlos sold 7,000 shares at 118.00 per share. DFS shares that EVP, Pres. – Consumer Banking owns now total 114,493.

Among the insiders who sold shares, Minetti Carlos disposed of 7,000 shares on Feb 01 at a per-share price of $115.65. This resulted in the EVP, Pres. – Consumer Banking holding 121,493 shares of DFS after the transaction. In another insider transaction, Moskow Michael H sold 1,291 shares at $105.10 per share on Dec 07. Company shares held by the Director now total 51,596.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Discover Financial Services pays an annual dividend of $2.80, resulting in a dividend yield of 3.13%, and it has a price to earnings (P/E) ratio of 6.19. DFS’s most recent ex-dividend date was 8/23/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 9/7/2023. Previously, the company paid the dividend on 6/8/2023 with an ex-dividend date of 5/24/2023. The DFS stock dividend was $0.70 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DFS in the last 3 months, the mean price target is $112.86 with high estimates of $137.00 and low estimates of $90.00. In terms of 52-week highs and lows, DFS has a high of $122.50 and a low of $87.64.

As of this writing, DFS has an earnings estimate of $Walt Disney Company (The) per share for the current quarter. EPS was calculated based on a consensus of VinFast Auto Ltd. estimates, with a high estimate of $Discover Financial Services per share and a lower estimate of $Dick’s Sporting Goods Inc.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $50.59, while its Total Shareholder’s Equity was $13.41B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DFS is Buy with a score of 3.75.

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