Discover Financial Services (DFS) Stock Price, News & Analysis

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 11 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DFS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DFS, but not buy additional shares or sell existing shares.
View DFS analyst ratings or view top-rated stocks.

18 brokerages have issued twelve-month target prices for Discover Financial Services' stock. Their DFS share price targets range from $98.00 to $168.00. On average, they anticipate the company's stock price to reach $125.22 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for DFS or view top-rated stocks among Wall Street analysts.

Discover Financial Services' stock was trading at $112.40 at the beginning of 2024. Since then, DFS stock has increased by 10.8% and is now trading at $124.56.
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Discover Financial Services saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,960,000 shares, an increase of 6.9% from the February 29th total of 2,770,000 shares. Based on an average daily trading volume, of 2,390,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.2% of the shares of the stock are sold short.
View Discover Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our DFS earnings forecast.

Discover Financial Services (NYSE:DFS) posted its quarterly earnings data on Wednesday, April, 17th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $2.98 by $1.88. The financial services provider had revenue of $4.21 billion for the quarter, compared to analysts' expectations of $4.07 billion. Discover Financial Services had a trailing twelve-month return on equity of 22.24% and a net margin of 14.30%. During the same period in the previous year, the company earned $3.58 EPS.

Discover Financial Services announced a quarterly dividend on Wednesday, January 17th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.70 per share on Thursday, March 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, February 21st.
Read our dividend analysis for DFS.

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.34%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 20.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DFS.

ETFs with the largest weight of Discover Financial Services (NYSE:DFS) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), Amplify Mobile Payments ETF (IPAY), First Trust Merger Arbitrage ETF (MARB), First Trust Nasdaq Bank ETF (FTXO), ProShares Merger ETF (MRGR), Principal Millennial Global Growth ETF (GENY), iShares Focused Value Factor ETF (FOVL) and First Trust NASDAQ Rising Dividend Achievers (RDVY).

Discover Financial Services declared that its board has approved a stock buyback plan on Wednesday, April 19th 2023, which authorizes the company to buyback $2,700,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

291 employees have rated Discover Financial Services Chief Executive Officer Roger Hochschild on Glassdoor.com. Roger Hochschild has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Discover Financial Services investors own include AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), CVS Health (CVS), Bank of America (BAC), Cisco Systems (CSCO), Walt Disney (DIS), Verizon Communications (VZ) and Visa (V).

Discover Financial Services' stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.17%), Gateway Investment Advisers LLC (0.09%), Global Assets Advisory LLC (0.07%), Eldred Rock Partners LLC (0.03%), Wealth Enhancement Advisory Services LLC (0.03%) and Thompson Investment Management Inc. (0.02%). Insiders that own company stock include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, John Greene, Mary K Bush, Michael H Moskow, Robert Andrew Eichfeld, Shifra Kolsky and Wanjiku Juanita Walcott.
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Shares of DFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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