Discover Financial Services (DFS) Receives Daily Media Sentiment Score of 0.13
Press coverage about Discover Financial Services (NYSE:DFS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Discover Financial Services earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 47.3872347888908 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Q1 2018 Earnings Forecast for Discover Financial Services Issued By Jefferies Group (DFS) (americanbankingnews.com)
- William Blair Comments on Discover Financial Services’ Q4 2017 Earnings (DFS) (americanbankingnews.com)
- FY2017 EPS Estimates for Discover Financial Services (DFS) Raised by Analyst (americanbankingnews.com)
- Discover Financial (DFS) Beats on Q3 Earnings & Revenues (finance.yahoo.com)
- Edited Transcript of DFS earnings conference call or presentation 24-Oct-17 10:00pm GMT (finance.yahoo.com)
Discover Financial Services (NYSE DFS) opened at 66.51 on Tuesday. The company has a market capitalization of $24.77 billion, a P/E ratio of 11.48 and a beta of 1.47. Discover Financial Services has a one year low of $55.41 and a one year high of $74.33. The firm has a 50-day moving average of $63.68 and a 200-day moving average of $61.63.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Tuesday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is 24.05%.
Discover Financial Services declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 25th that permits the company to buyback $2.75 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 11.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several research firms have commented on DFS. BidaskClub lowered shares of Discover Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Discover Financial Services from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 price objective (down from $82.00) on shares of Discover Financial Services in a research note on Thursday, July 27th. Compass Point lowered shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 25th. Finally, Nomura dropped their price objective on shares of Discover Financial Services from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.45.
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In other news, CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $59.10, for a total value of $1,773,000.00. Following the completion of the transaction, the chief executive officer now owns 1,529,912 shares in the company, valued at approximately $90,417,799.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger C. Hochschild sold 15,258 shares of Discover Financial Services stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.87, for a total value of $989,786.46. The disclosure for this sale can be found here. Insiders have sold a total of 102,516 shares of company stock valued at $6,363,874 over the last 90 days. 0.96% of the stock is currently owned by company insiders.
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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