Shares of Discover Financial Services (NYSE:DFS) Sees Large Inflow of Net Money Flow

Discover Financial Services (NYSE:DFS) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $56.18 with a loss of -0.12 points or -0.21%. The net money flow was $0.65 million and the up/down ratio was 2.68. Approximately $1.04 million was the inflow in upticks and $0.39 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -0.5%.The shares witnessed a block transaction with a net money flow of $0.75 million. The total money in uptick was $0.75 million and in downtick was $0 million with the up/down ratio reaching 0.


Currently the company Insiders own 1.07% of Discover Financial Services shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.82% . Institutional Investors own 87.13% of Discover Financial Services shares. During last six month period, the net percent change held by insiders has seen a change of -7.87%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hochschild Roger C, officer (President & COO) of Discover Financial Services, had unloaded 10,000 shares at an average price of $56.03 in a transaction dated on June 1, 2016. The total value of the transaction was worth $560,300.

Discover Financial Services (NYSE:DFS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.78 points or 1.39% at $55.52 with 1,941,319 shares getting traded. Post opening the session at $56.03, the shares hit an intraday low of $55.51 and an intraday high of $56.63 and the price was in this range throughout the day. The company has a market cap of $22,887 million and the number of outstanding shares have been calculated to be 412,225,310 shares. The 52-week high of Discover Financial Services (NYSE:DFS) is $59.88 and the 52-week low is $42.86.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Discover Financial Services (NYSE:DFS). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $61 per share to $63 per share. The rating by the firm was issued on May 4, 2016.

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 provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including private student loans, personal loans, home loans, home equity loans, prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club and the Companys network partners business, which provides payment transaction processing and settlement services on the Discover Network.

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