Deutsche Bank AG set a $65.00 price objective on Discover Financial Services (NYSE:DFS) in a research report sent to investors on Wednesday morning. The firm currently has a a buy rating on the financial services provider’s stock.
Several other research firms have also weighed in on DFS. Jefferies Group upped their price objective on Discover Financial Services from $66.00 to $70.00 and gave the company a buy rating in a research note on Thursday, September 1st. Barclays PLC lowered Discover Financial Services from an overweight rating to an equal weight rating in a research note on Wednesday, September 7th. Credit Suisse Group AG reiterated a buy rating on shares of Discover Financial Services in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. reiterated a hold rating on shares of Discover Financial Services in a research note on Thursday, June 9th. Finally, Royal Bank Of Canada boosted their target price on Discover Financial Services from $68.00 to $73.00 and gave the stock a top pick rating in a report on Wednesday, July 20th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Discover Financial Services presently has a consensus rating of Buy and a consensus price target of $63.73.
Discover Financial Services (NYSE:DFS) opened at 56.40 on Wednesday. The firm has a market capitalization of $22.76 billion, a PE ratio of 10.60 and a beta of 1.20. The company has a 50 day moving average price of $57.93 and a 200-day moving average price of $55.58. Discover Financial Services has a one year low of $42.86 and a one year high of $60.29.
Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. Discover Financial Services had a return on equity of 21.15% and a net margin of 22.41%. On average, equities analysts predict that Discover Financial Services will post $5.72 EPS for the current year.
In other Discover Financial Services news, EVP Diane E. Offereins sold 10,000 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $56.45, for a total transaction of $564,500.00. Following the completion of the transaction, the executive vice president now owns 308,962 shares in the company, valued at approximately $17,440,904.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David W. Nelms sold 15,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $56.68, for a total value of $850,200.00. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in DFS. Financial Architects Inc boosted its position in Discover Financial Services by 724.6% in the second quarter. Financial Architects Inc now owns 1,880 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,652 shares during the period. Evercore Wealth Management LLC boosted its position in Discover Financial Services by 24.9% in the second quarter. Evercore Wealth Management LLC now owns 1,989 shares of the financial services provider’s stock worth $107,000 after buying an additional 396 shares during the period. Mycio Wealth Partners LLC boosted its position in Discover Financial Services by 43.7% in the second quarter. Mycio Wealth Partners LLC now owns 2,054 shares of the financial services provider’s stock worth $110,000 after buying an additional 625 shares during the period. Advisory Services Network LLC boosted its position in Discover Financial Services by 21.0% in the second quarter. Advisory Services Network LLC now owns 2,257 shares of the financial services provider’s stock worth $121,000 after buying an additional 391 shares during the period. Finally, Seven Eight Capital LLC purchased a new position in Discover Financial Services during the second quarter worth about $124,000. Hedge funds and other institutional investors own 85.42% of the company’s stock.
Discover Financial Services Company Profile
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, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.
Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.