Discover Financial Services (NYSE: DFS) is 32.69% higher on its value in year-to-date trading and has touched a low of $82.15 and a high of $157.06 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 $151.30 in the last trading session, with the day’s loss setting it -2.16%.
Currently trading at $149.14, the stock is 1.11% and 5.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -1.43% at the moment leaves the stock 16.11% off its SMA200. DFS registered 75.05% gain for a year compared to 6-month gain of 18.97%. The firm has a 50-day simple moving average (SMA 50) of $140.4552 and a 200-day simple moving average (SMA200) of $128.18575.
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The stock witnessed a 2.93% loss in the last 1 month and extending the period to 3 months gives it a 19.05%, and is -2.45% down 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 3.15% over the week and 2.69% over the month.
Discover Financial Services (DFS) has around 21100 employees, a market worth around $38.17B and $23.16B in sales. Current P/E ratio is 12.03 and Fwd P/E is 11.65. Profit margin for the company is 13.58%. Distance from 52-week low is 81.55% and -5.04% from its 52-week high. The company has generated returns on investments over the last 12 months (8.88%).
The EPS is expected to grow by 23.72% this year.
Discover Financial Services (DFS) Top Institutional Holders
1358.0 institutions hold shares in Discover Financial Services (DFS), with institutional investors hold 86.88% of the company’s shares. The shares outstanding are 250.10M, and float is at 249.78M with Short Float at 1.51%. Institutions hold 86.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 30.5 million shares valued at $3.99 billion. The investor’s holdings represent 12.2001% of the DFS Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 20.26 million shares valued at $2.65 billion to account for 8.1023 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 19.37 million shares representing 7.748% and valued at over $2.53 billion, while STATE STREET CORP holds 4.167 of the shares totaling 10.42 million with a market value of $1.36 billion.
Discover Financial Services (DFS) Insider Activity
The most recent transaction is an insider sale by Greene John, the company’s EVP, 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.
