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Discover Financial Services (DFS) Stock Could Soon Reward Patient Investors

Discover Financial Services (NYSE: DFS) is 16.63% higher on its value in year-to-date trading and has touched a low of $79.04 and a high of $128.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DFS stock was last observed hovering at around $128.00 in the last trading session, with the day’s gains setting it 3.09%.

Currently trading at $131.09, the stock is 6.54% and 14.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 2.41% at the moment leaves the stock 27.45% off its SMA200. DFS registered 39.22% gain for a year compared to 6-month gain of 53.75%.

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The stock witnessed a 6.36% loss in the last 1 month and extending the period to 3 months gives it a 16.79%, and is 3.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.74% over the week and 1.98% over the month.

Discover Financial Services (DFS) has around 21100 employees, a market worth around $32.85B and $20.62B in sales. Current P/E ratio is 11.65 and Fwd P/E is 9.57. Profit margin for the company is 13.91%. Distance from 52-week low is 65.85% and 2.39% from its 52-week high. The company has generated returns on investments over the last 12 months (8.44%).

Discover Financial Services quarterly earnings per share for the current quarter are estimated at $3.06 with sales reaching $4.06B over the same period.The EPS is expected to grow by 0.86% this year, but quarterly earnings will post 3.20% year-over-year. Quarterly sales are estimated to grow 10.60% in year-over-year returns.

Discover Financial Services (DFS) Top Institutional Holders

1,314 institutions hold shares in Discover Financial Services (DFS), with institutional investors hold 89.76% of the company’s shares. The shares outstanding are 250.10M, and float is at 248.67M with Short Float at 1.19%. Institutions hold 89.28% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 33.11 million shares valued at $3.87 billion. The investor’s holdings represent 13.25% of the DFS Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital World Investors with 21.12 million shares valued at $2.47 billion to account for 8.45% of the shares outstanding. The other top investors are Blackrock Inc. which holds 18.04 million shares representing 7.22% and valued at over $2.11 billion, while State Street Corporation holds 4.26% of the shares totaling 10.66 million with a market value of $1.25 billion.

Discover Financial Services (DFS) Insider Activity

The most recent transaction is an insider sale by Greene John,the company’sEVP, Chief Financial Officer. SEC filings show that Greene John sold 35,191 shares of the company’s common stock on Jan 26 ’24 at a price of $106.51 per share for a total of $3.75 million. Following the sale, the insider now owns 18592.0 shares.

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