Discover Financial Services (NYSE:DFS) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Discover Financial Services (NYSE:DFS) in a research report report published on Sunday morning. The firm issued a hold rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on DFS. JPMorgan Chase & Co. boosted their price target on Discover Financial Services from $110.00 to $120.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Barclays boosted their price target on Discover Financial Services from $120.00 to $123.00 and gave the stock an equal weight rating in a report on Friday, April 19th. Jefferies Financial Group boosted their price target on Discover Financial Services from $137.00 to $145.00 and gave the stock a buy rating in a report on Friday, April 19th. HSBC boosted their price target on Discover Financial Services from $107.00 to $144.00 and gave the stock a hold rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company upped their target price on Discover Financial Services from $105.00 to $135.00 and gave the stock an equal weight rating in a report on Wednesday, April 10th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Discover Financial Services presently has a consensus rating of Hold and a consensus target price of $129.78.

Get Our Latest Report on Discover Financial Services

Discover Financial Services Stock Performance

NYSE:DFS opened at $129.20 on Friday. The stock has a fifty day moving average price of $125.43 and a 200-day moving average price of $120.05. The company has a market cap of $32.40 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.78 and a beta of 1.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.12 and a current ratio of 1.12. Discover Financial Services has a fifty-two week low of $79.04 and a fifty-two week high of $133.78.

Discover Financial Services (NYSE:DFSGet Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. During the same quarter in the previous year, the company posted $3.58 earnings per share. As a group, equities analysts anticipate that Discover Financial Services will post 11.47 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.80 annualized dividend and a yield of 2.17%. Discover Financial Services’s payout ratio is currently 31.93%.

Institutional Trading of Discover Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC raised its stake in shares of Discover Financial Services by 3.1% in the first quarter. Ballentine Partners LLC now owns 2,888 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 86 shares during the last quarter. Team Hewins LLC raised its stake in shares of Discover Financial Services by 5.5% in the first quarter. Team Hewins LLC now owns 1,887 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 98 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Discover Financial Services by 3.3% in the fourth quarter. Wealthspire Advisors LLC now owns 3,121 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 99 shares during the last quarter. Eagle Bluffs Wealth Management LLC raised its stake in shares of Discover Financial Services by 0.8% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 14,382 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 108 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of Discover Financial Services by 1.7% in the fourth quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 109 shares during the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.

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.

Read More

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.