Discover Financial Services (DFS) Given “Equal Weight” Rating at Stephens

Stephens restated their equal weight rating on shares of Discover Financial Services (NYSE:DFS) in a research report sent to investors on Thursday.

Several other research firms have also issued reports on DFS. Barclays set a $95.00 target price on shares of Discover Financial Services and gave the stock a buy rating in a report on Friday, January 12th. Morgan Stanley increased their target price on shares of Discover Financial Services from $91.00 to $93.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Instinet reduced their target price on shares of Discover Financial Services from $96.00 to $94.00 and set a buy rating for the company in a report on Thursday, January 25th. Argus raised shares of Discover Financial Services from an average rating to a buy rating and set a $90.00 target price for the company in a report on Friday, January 26th. Finally, Jefferies Group restated a buy rating and issued a $91.00 price target on shares of Discover Financial Services in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $84.65.

Discover Financial Services stock traded down $0.76 during midday trading on Thursday, hitting $70.85. The stock had a trading volume of 561,197 shares, compared to its average volume of 2,225,286. The firm has a market capitalization of $25,152.26, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.69 and a beta of 1.46. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.93. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.55.



Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $1.85 billion. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. analysts predict that Discover Financial Services will post 7.65 EPS for the current year.

In other news, CEO David W. Nelms sold 30,000 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $70.08, for a total transaction of $2,102,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Edward W. Mcgrogan sold 2,435 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $81.63, for a total value of $198,769.05. Following the transaction, the senior vice president now owns 12,033 shares of the company’s stock, valued at $982,253.79. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 29,000 shares of company stock valued at $8,670 and have sold 253,675 shares valued at $19,571,644. 0.81% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. DnB Asset Management AS boosted its position in shares of Discover Financial Services by 1.7% during the 4th quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock valued at $3,132,000 after acquiring an additional 700 shares during the last quarter. Atlantic Trust Group LLC lifted its position in Discover Financial Services by 2.9% in the third quarter. Atlantic Trust Group LLC now owns 26,329 shares of the financial services provider’s stock worth $1,697,000 after buying an additional 738 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Discover Financial Services by 9.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 8,203 shares of the financial services provider’s stock worth $631,000 after buying an additional 738 shares during the last quarter. Piedmont Investment Advisors LLC lifted its position in Discover Financial Services by 1.8% in the third quarter. Piedmont Investment Advisors LLC now owns 44,307 shares of the financial services provider’s stock worth $2,857,000 after buying an additional 804 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in Discover Financial Services by 9.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 9,425 shares of the financial services provider’s stock worth $725,000 after buying an additional 813 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

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About Discover Financial Services

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.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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