Trading Report: The Discover Financial Services (DFS) Receives $64.95 Consensus Price Target from Analysts

The Discover Financial Services (DFS) Receives $64.95 Consensus Price Target from Analysts

Discover Financial Services (NYSE:DFS) has been given a consensus recommendation of “Buy” by the twenty-seven research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, seventeen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $65.50.

A number of analysts have weighed in on DFS shares. Jefferies Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Discover Financial Services in a research note on Friday, October 28th. Zacks Investment Research cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. Deutsche Bank AG reaffirmed a “buy” rating and set a $63.00 target price on shares of Discover Financial Services in a research note on Thursday, August 18th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Discover Financial Services in a research note on Tuesday, August 23rd. Finally, Wedbush started coverage on shares of Discover Financial Services in a research note on Monday, October 10th. They set a “neutral” rating and a $63.00 target price on the stock.

In other Discover Financial Services news, Director Michael H. Moskow sold 2,229 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $56.61, for a total value of $126,183.69. Following the transaction, the director now directly owns 50,392 shares in the company, valued at $2,852,691.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn Mcnamara Corley sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $56.30, for a total transaction of $844,500.00. Following the completion of the transaction, the executive vice president now owns 156,476 shares in the company, valued at $8,809,598.80. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFS. Panagora Asset Management Inc. boosted its position in Discover Financial Services by 6.6% in the first quarter. Panagora Asset Management Inc. now owns 281,409 shares of the financial services provider’s stock worth $14,329,000 after buying an additional 17,335 shares during the last quarter. Squarepoint Ops LLC bought a new position in Discover Financial Services during the first quarter worth $1,637,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Discover Financial Services by 3.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,027 shares of the financial services provider’s stock worth $1,224,000 after buying an additional 743 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its position in Discover Financial Services by 8.5% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 133,120 shares of the financial services provider’s stock worth $6,778,000 after buying an additional 10,482 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in Discover Financial Services during the first quarter worth $947,000. Hedge funds and other institutional investors own 83.54% of the company’s stock.

Discover Financial Services (NYSE:DFS) opened at 68.41 on Wednesday. The company has a market cap of $26.98 billion, a PE ratio of 12.45 and a beta of 1.39. Discover Financial Services has a 12-month low of $42.86 and a 12-month high of $68.88. The firm’s 50-day moving average price is $59.32 and its 200-day moving average price is $57.11.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Thursday, November 3rd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Tuesday, November 1st. Discover Financial Services’s payout ratio is 21.74%.

Related posts

Leave a Comment