Brokerages Set Discover Financial Services (DFS) Target Price at $70.00

Discover Financial Services (NYSE:DFS) has been assigned a consensus recommendation of “Buy” from the twenty-six analysts that are presently covering the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $73.29.

Several equities analysts have issued reports on the stock. Barclays PLC set a $79.00 target price on shares of Discover Financial Services and gave the company a “hold” rating in a research note on Sunday, January 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $82.00 price objective on shares of Discover Financial Services in a research note on Friday, April 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $84.00 price objective on shares of Discover Financial Services in a research note on Monday, April 10th. BMO Capital Markets reiterated a “hold” rating and issued a $68.00 price objective on shares of Discover Financial Services in a research note on Tuesday, April 11th. Finally, Rafferty Capital Markets reissued a “hold” rating and issued a $70.00 target price on shares of Discover Financial Services in a report on Wednesday, March 29th.

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Shares of Discover Financial Services (NYSE:DFS) traded down 0.69% during trading on Friday, hitting $66.23. 2,850,953 shares of the stock were exchanged. Discover Financial Services has a 52 week low of $50.32 and a 52 week high of $74.33. The stock has a market cap of $25.53 billion, a P/E ratio of 11.48 and a beta of 1.42. The firm’s 50 day moving average price is $68.30 and its 200-day moving average price is $66.77.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. Discover Financial Services’s dividend payout ratio (DPR) is 20.76%.

In other news, EVP Julie A. Loeger sold 3,871 shares of the business’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $68.94, for a total transaction of $266,866.74. Following the sale, the executive vice president now owns 24,414 shares in the company, valued at $1,683,101.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Nelms sold 15,000 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $67.93, for a total value of $1,018,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,559 shares of company stock valued at $4,576,966. Corporate insiders own 1.07% of the company’s stock.

Several large investors have recently modified their holdings of the company. Acrospire Investment Management LLC raised its stake in shares of Discover Financial Services by 18.8% in the third quarter. Acrospire Investment Management LLC now owns 1,900 shares of the financial services provider’s stock worth $107,000 after buying an additional 300 shares during the last quarter. Cable Hill Partners LLC raised its stake in shares of Discover Financial Services by 112.1% in the third quarter. Cable Hill Partners LLC now owns 1,926 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,018 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Discover Financial Services by 64.2% in the first quarter. Orrstown Financial Services Inc. now owns 1,716 shares of the financial services provider’s stock worth $117,000 after buying an additional 671 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Discover Financial Services by 52.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the financial services provider’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Focused Wealth Management Inc purchased a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $151,000. Institutional investors and hedge funds own 85.54% 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 and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

5 Day Chart for NYSE:DFS

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