Currently, there are 267.38M common shares owned by the public and among those 248.35M shares have been available to trade.
Insiders at the company have transacted a total of 31 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 127,470 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 34,970 shares.
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However, the script later moved the day high at 127.34, up 12.61%. The company’s stock has a 5-day price change of 12.60% and 47.77% over the past three months. DFS shares are trading 10.69% year to date (YTD), with the 12-month market performance up to 11.46% higher. It has a 12-month low price of $79.04 and touched a high of $122.50 over the same period. DFS has an average intraday trading volume of 2.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.76%, 15.81%, and 24.41% respectively.
Institutional ownership of Discover Financial Services (NYSE: DFS) shares accounts for 88.32% of the company’s 267.38M shares outstanding.
It has a market capitalization of $31.11B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 11.06, while the earnings-per-share (ttm) stands at $11.25. The company has a debt-to-equity ratio at 1.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.21% over the week and 2.27% over the month.
Analysts forecast that Discover Financial Services (DFS) will achieve an EPS of $3.08 for the current quarter, $2.68 for the next quarter and $13.95 for 2025. The lowest estimate earnings-per-share for the quarter is $2.36 while analysts give the company a high EPS estimate of $3.85. Comparatively, EPS for the current quarter was $3.58 a year ago. Earnings per share for the fiscal year are expected to increase by 0.71%, and 25.08% over the next financial year. EPS should shrink at an annualized rate of -7.29% over the next five years, compared to 7.59% over the past 5-year period.
Looking at the support for the DFS, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on February 08, 2024, with the firm’s price target at $105-$133. HSBC Securities coverage for the Discover Financial Services (DFS) stock in a research note released on January 19, 2024 offered a Hold rating with a price target of $107. Deutsche Bank was of a view on January 10, 2024 that the stock is Hold, while Piper Sandler gave the stock Overweight rating on January 03, 2024, issuing a price target of $104- $129. Citigroup on their part issued Buy rating on December 20, 2023.
