Analysts Set Discover Financial Services (NYSE:DFS) PT at $191.91

Discover Financial Services (NYSE:DFS) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $191.91.

A number of equities analysts have recently issued reports on DFS shares. Wells Fargo & Company increased their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Barclays increased their target price on Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Truist Financial raised their price objective on Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a report on Friday, January 24th.

Discover Financial Services Price Performance

Shares of DFS stock opened at $164.41 on Tuesday. Discover Financial Services has a twelve month low of $119.31 and a twelve month high of $205.76. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $186.28 and a two-hundred day simple moving average of $168.46. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 1.51 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 annualized dividend and a dividend yield of 1.70%. Discover Financial Services’s dividend payout ratio (DPR) is currently 17.54%.

Institutional Trading of Discover Financial Services

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Discover Financial Services by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider’s stock worth $5,377,961,000 after buying an additional 290,937 shares during the period. State Street Corp raised its stake in Discover Financial Services by 0.8% in the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after acquiring an additional 80,601 shares during the last quarter. FMR LLC lifted its position in Discover Financial Services by 0.8% during the 4th quarter. FMR LLC now owns 7,553,016 shares of the financial services provider’s stock worth $1,308,409,000 after acquiring an additional 59,154 shares during the period. Geode Capital Management LLC grew its stake in Discover Financial Services by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,240,451 shares of the financial services provider’s stock valued at $1,082,826,000 after purchasing an additional 165,589 shares during the last quarter. Finally, Norges Bank purchased a new stake in Discover Financial Services during the 4th quarter valued at about $724,720,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

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.