Top Buys by Top Brass: EVP - Chief HR & Admin Officer Eichfeld's $499.7K Bet on DFS

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $499.7K by Robert Andrew Eichfeld, EVP - Chief HR & Admin Officer at Discover Financial Services (Symbol: DFS).

Purchased Insider Title Shares Price/Share Value
05/06/2020 Robert Andrew Eichfeld EVP - Chief HR & Admin Officer 12,650 $39.50 $499,675.00

Eichfeld's average cost works out to $39.50/share. Shares of Discover Financial Services were changing hands at $50.38 at last check, trading up about 0.5% on Wednesday. The chart below shows the one year performance of DFS shares, versus its 200 day moving average:

Discover Financial Services Chart

Looking at the chart above, DFS's low point in its 52 week range is $23.25 per share, with $91.96 as the 52 week high point — that compares with a last trade of $50.38.

The current annualized dividend paid by Discover Financial Services is $1.76/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 08/19/2020. Below is a long-term dividend history chart for DFS, which can be of good help in judging whether the most recent dividend with approx. 3.5% annualized yield is likely to continue.


Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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