Discover Financial Services (NYSE:DFS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Discover Financial Services (NYSE:DFS) have been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $126.29.

A number of analysts recently issued reports on DFS shares. BMO Capital Markets dropped their price objective on Discover Financial Services from $116.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, January 22nd. HSBC upped their target price on Discover Financial Services from $107.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Piper Sandler upped their target price on Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Evercore ISI upped their target price on Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a research note on Thursday, February 22nd. Finally, Barclays upped their target price on Discover Financial Services from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th.

Institutional Investors Weigh In On Discover Financial Services

Large investors have recently made changes to their positions in the business. Partnership Wealth Management LLC bought a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $28,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $31,000. Riverview Trust Co bought a new stake in shares of Discover Financial Services during the first quarter valued at approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $35,000. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Stock Down 2.5 %

Shares of NYSE DFS opened at $123.58 on Friday. The business’s fifty day moving average price is $124.25 and its 200-day moving average price is $108.13. The stock has a market capitalization of $30.96 billion, a PE ratio of 14.09, a P/E/G ratio of 0.77 and a beta of 1.45. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.05 and a quick ratio of 1.13. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) 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 analysts’ expectations of $4.07 billion. Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. During the same period last year, the company posted $3.58 EPS. On average, equities research analysts anticipate that Discover Financial Services will post 11.39 EPS for the current year.

Discover Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a $0.70 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. Discover Financial Services’s dividend payout ratio is currently 31.93%.

About Discover Financial Services

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.