Discover Financial Services (NYSE:DFS) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Discover Financial Services (NYSE:DFS) in a report released on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

DFS has been the subject of several other reports. Citigroup raised their price target on Discover Financial Services from $127.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Discover Financial Services from $140.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, January 19th. Jefferies Financial Group increased their price target on shares of Discover Financial Services from $137.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 19th. Piper Sandler boosted their price objective on shares of Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, The Goldman Sachs Group lowered their price objective on Discover Financial Services from $139.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, January 19th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Hold” and an average price target of $126.29.

Discover Financial Services Trading Up 0.4 %

NYSE:DFS opened at $125.06 on Friday. The firm has a market capitalization of $31.34 billion, a P/E ratio of 14.26, a PEG ratio of 0.74 and a beta of 1.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.05 and a quick ratio of 1.13. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65. The company’s 50-day simple moving average is $124.34 and its 200 day simple moving average is $108.25.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the prior year, the firm earned $3.58 earnings per share. As a group, analysts forecast that Discover Financial Services will post 11.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Discover Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in DFS. Boston Partners grew its position in Discover Financial Services by 5.5% during the fourth quarter. Boston Partners now owns 9,072,829 shares of the financial services provider’s stock valued at $1,017,046,000 after buying an additional 475,579 shares during the period. FMR LLC boosted its stake in shares of Discover Financial Services by 4.4% during the 3rd quarter. FMR LLC now owns 5,686,848 shares of the financial services provider’s stock worth $492,652,000 after acquiring an additional 238,498 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Discover Financial Services by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,655,558 shares of the financial services provider’s stock valued at $410,891,000 after acquiring an additional 217,475 shares during the period. Norges Bank purchased a new stake in shares of Discover Financial Services in the 4th quarter worth $322,199,000. Finally, Brave Warrior Advisors LLC raised its holdings in Discover Financial Services by 10.6% in the 4th quarter. Brave Warrior Advisors LLC now owns 2,633,167 shares of the financial services provider’s stock worth $295,968,000 after purchasing an additional 251,909 shares during the period. Hedge funds and other 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; private student loans, 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.