Discover Financial Services (NYSE:DFS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Discover Financial Services (NYSE:DFS) in a report published on Friday. The brokerage issued a hold rating on the financial services provider’s stock.

DFS has been the topic of a number of other research reports. Wells Fargo & Company upped their price objective on Discover Financial Services from $105.00 to $135.00 and gave the stock an equal weight rating in a research note on Wednesday, April 10th. Barclays lifted their price objective on shares of Discover Financial Services from $120.00 to $123.00 and gave the company an equal weight rating in a research report on Friday, April 19th. Citigroup upped their target price on shares of Discover Financial Services from $127.00 to $168.00 and gave the company a buy rating in a report on Friday, February 23rd. Jefferies Financial Group raised their target price on shares of Discover Financial Services from $137.00 to $145.00 and gave the company a buy rating in a research note on Friday, April 19th. Finally, HSBC boosted their price target on Discover Financial Services from $107.00 to $144.00 and gave the stock a hold rating in a research report on Thursday, March 21st. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $126.29.

View Our Latest Stock Report on DFS

Discover Financial Services Stock Down 0.6 %

Shares of NYSE:DFS opened at $126.97 on Friday. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $131.65. The company has a market capitalization of $31.82 billion, a PE ratio of 14.48, a PEG ratio of 0.78 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day moving average price of $124.34 and a two-hundred day moving average price of $118.04.

Discover Financial Services (NYSE:DFSGet Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the company posted $3.58 earnings per share. Analysts forecast that Discover Financial Services will post 11.46 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.21%. Discover Financial Services’s payout ratio is 31.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. bought a new position in Discover Financial Services in the 1st quarter valued at about $12,685,000. Cetera Advisors LLC boosted its position in shares of Discover Financial Services by 57.9% during the 1st quarter. Cetera Advisors LLC now owns 20,340 shares of the financial services provider’s stock worth $2,666,000 after acquiring an additional 7,462 shares in the last quarter. Cetera Investment Advisers increased its stake in Discover Financial Services by 154.2% in the first quarter. Cetera Investment Advisers now owns 68,990 shares of the financial services provider’s stock valued at $9,044,000 after acquiring an additional 41,846 shares during the last quarter. Invst LLC bought a new position in Discover Financial Services in the first quarter valued at approximately $885,000. Finally, PGGM Investments raised its position in Discover Financial Services by 3.7% during the first quarter. PGGM Investments now owns 37,340 shares of the financial services provider’s stock valued at $4,895,000 after purchasing an additional 1,336 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

About Discover Financial Services

(Get Free Report)

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.

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Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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