Discover Financial Services (NYSE:DFS) Coverage Initiated by Analysts at BTIG Research

BTIG Research started coverage on shares of Discover Financial Services (NYSE:DFS) in a report released on Friday morning, Marketbeat reports. The brokerage issued a neutral rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on DFS. Jefferies Financial Group increased their target price on shares of Discover Financial Services from $137.00 to $145.00 and gave the stock a buy rating in a research report on Friday, April 19th. Morgan Stanley raised shares of Discover Financial Services from an equal weight rating to an overweight rating and increased their target price for the stock from $105.00 to $133.00 in a research report on Thursday, February 8th. Wolfe Research restated a peer perform rating on shares of Discover Financial Services in a report on Wednesday, February 21st. Wells Fargo & Company upped their price target on Discover Financial Services from $105.00 to $135.00 and gave the stock an equal weight rating in a report on Wednesday, April 10th. Finally, HSBC upped their price target on Discover Financial Services from $107.00 to $144.00 and gave the stock a hold rating in a report on Thursday, March 21st. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $126.29.

Check Out Our Latest Analysis on Discover Financial Services

Discover Financial Services Trading Up 1.8 %

NYSE DFS opened at $125.01 on Friday. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $131.65. The company has a 50-day moving average of $124.39 and a 200-day moving average of $115.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $31.33 billion, a P/E ratio of 14.25, a P/E/G ratio of 0.74 and a beta of 1.41.

Discover Financial Services (NYSE:DFSGet Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.07 billion. Discover Financial Services had a return on equity of 17.07% and a net margin of 10.56%. During the same period last year, the company posted $3.58 EPS. As a group, equities analysts predict that Discover Financial Services will post 11.48 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.24%. The ex-dividend date was Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio (DPR) is presently 31.93%.

Hedge Funds Weigh In On Discover Financial Services

Several large investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new position in Discover Financial Services during the first quarter worth $12,685,000. Cetera Advisors LLC lifted its stake in Discover Financial Services by 57.9% during the first quarter. Cetera Advisors LLC now owns 20,340 shares of the financial services provider’s stock worth $2,666,000 after purchasing an additional 7,462 shares during the last quarter. Cetera Investment Advisers lifted its stake in Discover Financial Services by 154.2% during the first quarter. Cetera Investment Advisers now owns 68,990 shares of the financial services provider’s stock worth $9,044,000 after purchasing an additional 41,846 shares during the last quarter. Invst LLC bought a new position in Discover Financial Services during the first quarter worth $885,000. Finally, PGGM Investments lifted its stake in Discover Financial Services by 3.7% during the first quarter. PGGM Investments now owns 37,340 shares of the financial services provider’s stock worth $4,895,000 after purchasing an additional 1,336 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors.

About Discover Financial Services

(Get Free Report)

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.

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Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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