Discover Financial Services (NYSE:DFS) Receives $191.91 Average Target Price from Brokerages

Discover Financial Services (NYSE:DFS) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $191.91.

Several research analysts have commented on DFS shares. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the company from $150.00 to $239.00 in a report on Monday, January 13th. Barclays increased their price target on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th.

Discover Financial Services Stock Performance

NYSE:DFS opened at $164.41 on Tuesday. The stock has a 50-day moving average price of $186.28 and a 200 day moving average price of $168.46. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 12-month low of $119.31 and a 12-month high of $205.76. The stock has a market capitalization of $41.37 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.51 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. Equities research analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is currently 17.54%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. OneDigital Investment Advisors LLC increased its stake in Discover Financial Services by 10.5% in the third quarter. OneDigital Investment Advisors LLC now owns 5,492 shares of the financial services provider’s stock worth $771,000 after purchasing an additional 523 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Discover Financial Services by 8.5% in the third quarter. CIBC Asset Management Inc now owns 36,896 shares of the financial services provider’s stock worth $5,176,000 after purchasing an additional 2,880 shares during the last quarter. Natixis Advisors LLC increased its stake in Discover Financial Services by 3.9% in the 3rd quarter. Natixis Advisors LLC now owns 170,825 shares of the financial services provider’s stock worth $23,965,000 after buying an additional 6,364 shares during the period. TrinityPoint Wealth LLC lifted its holdings in Discover Financial Services by 14.4% during the 3rd quarter. TrinityPoint Wealth LLC now owns 3,440 shares of the financial services provider’s stock valued at $483,000 after buying an additional 432 shares in the last quarter. Finally, Quest Partners LLC boosted its position in Discover Financial Services by 56.8% in the 3rd quarter. Quest Partners LLC now owns 6,792 shares of the financial services provider’s stock valued at $953,000 after buying an additional 2,459 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Discover Financial Services Company Profile

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; 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.