Discover Financial Services (NYSE:DFS) Short Interest Update

Discover Financial Services (NYSE:DFS) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,960,000 shares, a growth of 6.9% from the February 29th total of 2,770,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

DFS has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Discover Financial Services from $139.00 to $121.00 and set a “buy” rating for the company in a research note on Friday, January 19th. Citigroup lifted their target price on shares of Discover Financial Services from $127.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Wolfe Research reissued a “peer perform” rating on shares of Discover Financial Services in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, StockNews.com assumed coverage on shares of Discover Financial Services in a report on Tuesday. They set a “hold” rating on the stock. Eleven 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, the stock has a consensus rating of “Hold” and an average price target of $124.18.

Get Our Latest Stock Report on Discover Financial Services

Discover Financial Services Stock Performance

Shares of DFS opened at $126.89 on Thursday. The company has a market capitalization of $31.79 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average price is $117.53 and its 200 day moving average price is $102.87.

Discover Financial Services (NYSE:DFSGet Free Report) last announced its earnings results on Thursday, January 18th. The financial services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.96). The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.10 billion. Discover Financial Services had a return on equity of 22.24% and a net margin of 14.30%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.77 EPS. As a group, analysts expect that Discover Financial Services will post 11.44 earnings per share for the current year.

Discover Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.21%. Discover Financial Services’s payout ratio is 24.89%.

Insider Buying and Selling

In related news, CFO John Greene sold 35,191 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.51, for a total value of $3,748,193.41. Following the completion of the transaction, the chief financial officer now owns 18,592 shares of the company’s stock, valued at approximately $1,980,233.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Park National Corp OH increased its holdings in shares of Discover Financial Services by 7.5% during the 1st quarter. Park National Corp OH now owns 3,198 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 222 shares during the period. Nomura Holdings Inc. bought a new position in shares of Discover Financial Services during the 4th quarter worth about $6,825,000. HighPoint Advisor Group LLC bought a new position in shares of Discover Financial Services during the 4th quarter worth about $1,301,000. Hennessy Advisors Inc. bought a new position in shares of Discover Financial Services during the 4th quarter worth about $674,000. Finally, SageView Advisory Group LLC bought a new position in shares of Discover Financial Services during the 4th quarter worth about $250,000. Institutional investors own 86.94% of the company’s stock.

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.

Further Reading

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.