Stephens Analysts Give Discover Financial Services (DFS) a $73.00 Price Target

Stephens set a $73.00 target price on Discover Financial Services (NYSE:DFS) in a report issued on Tuesday. The brokerage currently has a sell rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. ValuEngine lowered Discover Financial Services from a buy rating to a hold rating in a research report on Wednesday, November 15th. Wells Fargo & Co started coverage on Discover Financial Services in a research report on Tuesday, October 10th. They issued a market perform rating and a $69.00 target price on the stock. Zacks Investment Research raised Discover Financial Services from a sell rating to a hold rating in a research report on Tuesday, September 12th. Bank of America raised Discover Financial Services from a neutral rating to a buy rating and set a $83.00 target price on the stock in a research report on Monday, December 18th. Finally, Buckingham Research started coverage on Discover Financial Services in a research report on Monday, October 2nd. They issued a buy rating and a $74.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $78.24.

Discover Financial Services (NYSE DFS) traded up $0.77 during trading on Tuesday, reaching $78.25. The company had a trading volume of 1,994,600 shares, compared to its average volume of 2,346,033. The firm has a market cap of $28,330.00, a price-to-earnings ratio of 13.47, a PEG ratio of 1.84 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a 12-month low of $57.50 and a 12-month high of $78.83.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were issued a $0.35 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. Discover Financial Services’s dividend payout ratio (DPR) is 24.10%.

In other news, EVP Carlos Minetti sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.68, for a total value of $533,440.00. Following the completion of the sale, the executive vice president now directly owns 173,149 shares in the company, valued at approximately $11,545,575.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.80, for a total value of $2,004,000.00. The disclosure for this sale can be found here. Insiders sold a total of 179,277 shares of company stock valued at $12,673,925 over the last quarter. Company insiders own 0.96% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Grove Bank & Trust increased its holdings in shares of Discover Financial Services by 2,483.3% in the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,490 shares during the last quarter. Rational Advisors LLC bought a new position in Discover Financial Services during the 3rd quarter worth $123,000. Americafirst Capital Management LLC bought a new position in Discover Financial Services during the 3rd quarter worth $140,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Discover Financial Services during the 2nd quarter worth $157,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Discover Financial Services during the 2nd quarter worth $170,000. Institutional investors and hedge funds own 84.77% of the company’s stock.

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About Discover Financial Services

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 operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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