Trading Report: Today: Discover Financial Services (DFS) Stock Rating Reaffirmed by Jefferies Group

Today: Discover Financial Services (DFS) Stock Rating Reaffirmed by Jefferies Group

Discover Financial Services (NYSE:DFS)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research note issued on Thursday. They currently have a $70.00 target price on the financial services provider’s stock. Jefferies Group’s price objective would indicate a potential upside of 27.69% from the company’s previous close.

Several other research analysts have also issued reports on the company. Wedbush began coverage on Discover Financial Services in a research report on Monday, October 10th. They issued a “neutral” rating and a $63.00 target price for the company. Deutsche Bank AG set a $65.00 target price on Discover Financial Services and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Barclays PLC lowered Discover Financial Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, September 7th. Credit Suisse Group AG reissued a “buy” rating on shares of Discover Financial Services in a research report on Tuesday, August 23rd. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $75.00 target price on shares of Discover Financial Services in a research report on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $63.69.

Shares of Discover Financial Services (NYSE:DFS) opened at 54.82 on Thursday. Discover Financial Services has a 12-month low of $42.86 and a 12-month high of $60.29. The company has a market cap of $22.13 billion, a P/E ratio of 10.30 and a beta of 1.20. The stock’s 50 day moving average price is $57.56 and its 200 day moving average price is $55.74.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. Discover Financial Services’s dividend payout ratio (DPR) is currently 22.47%.

In other news, Director Mary K. Bush sold 2,229 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $56.98, for a total value of $127,008.42. Following the transaction, the director now directly owns 54,425 shares in the company, valued at approximately $3,101,136.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diane E. Offereins sold 10,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $56.45, for a total value of $564,500.00. Following the completion of the transaction, the executive vice president now owns 308,962 shares in the company, valued at $17,440,904.90. The disclosure for this sale can be found here. 1.07% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. National Pension Service increased its position in Discover Financial Services by 8.2% in the third quarter. National Pension Service now owns 339,843 shares of the financial services provider’s stock worth $19,218,000 after buying an additional 25,874 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Discover Financial Services by 1.3% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 25,005 shares of the financial services provider’s stock worth $1,414,000 after buying an additional 325 shares during the period. MSI Financial Services Inc increased its position in Discover Financial Services by 0.4% in the third quarter. MSI Financial Services Inc now owns 10,530 shares of the financial services provider’s stock worth $595,000 after buying an additional 39 shares during the period. AT Bancorp purchased a new position in Discover Financial Services during the third quarter worth about $1,209,000. Finally, Nisa Investment Advisors LLC increased its position in Discover Financial Services by 1.3% in the third quarter. Nisa Investment Advisors LLC now owns 211,006 shares of the financial services provider’s stock worth $11,932,000 after buying an additional 2,724 shares during the period. Hedge funds and other institutional investors own 85.42% of the company’s stock.

Discover Financial Services Company Profile

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