Discover Financial Services (NYSE:DFS) Given New $214.00 Price Target at Wells Fargo & Company

Discover Financial Services (NYSE:DFS) had its price target boosted by Wells Fargo & Company from $185.00 to $214.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

DFS has been the subject of several other reports. Royal Bank of Canada increased their price target on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on shares of Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Evercore ISI upped their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Barclays lifted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and upped their target price for the company from $150.00 to $239.00 in a report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Discover Financial Services currently has an average rating of “Hold” and an average price target of $180.57.

Discover Financial Services Stock Up 0.3 %

Shares of NYSE:DFS opened at $201.59 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. The stock has a market cap of $50.66 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.15 and a beta of 1.46. The company has a 50 day moving average of $178.30 and a 200-day moving average of $154.01. Discover Financial Services has a one year low of $101.71 and a one year high of $204.93.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 27.52% and a net margin of 17.29%. On average, sell-side analysts forecast that Discover Financial Services will post 12.82 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s dividend payout ratio is presently 17.54%.

Institutional Trading of Discover Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DiNuzzo Private Wealth Inc. increased its position in shares of Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services during the 3rd quarter valued at approximately $30,000. Grove Bank & Trust lifted its holdings in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $37,000. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Discover Financial Services by 37.1% during the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after buying an additional 79 shares during the period. Institutional investors own 86.94% of the company’s stock.

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; 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.