Brokerages Set Discover Financial Services (NYSE:DFS) Price Target at $186.46

Discover Financial Services (NYSE:DFS) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $191.91.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Barclays boosted their price target on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. UBS Group upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the company from $150.00 to $239.00 in a research report on Monday, January 13th. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Finally, Truist Financial increased their price target on shares of Discover Financial Services from $233.00 to $262.00 and gave the company a “buy” rating in a report on Monday, January 27th.

Institutional Investors Weigh In On Discover Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Discover Financial Services in the 4th quarter valued at $33,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services during the fourth quarter valued at $34,000. Bfsg LLC bought a new position in shares of Discover Financial Services in the fourth quarter worth about $35,000. Grove Bank & Trust increased its stake in Discover Financial Services by 78.1% in the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Discover Financial Services during the 3rd quarter valued at about $30,000. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Discover Financial Services Stock Performance

Shares of NYSE DFS opened at $191.20 on Friday. The company has a market cap of $48.11 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.51 and a beta of 1.46. Discover Financial Services has a 52-week low of $118.74 and a 52-week high of $205.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The firm’s fifty day moving average is $188.37 and its two-hundred day moving average is $164.75.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. As a group, analysts anticipate that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.46%. Discover Financial Services’s dividend payout ratio is 17.54%.

Discover Financial Services Company Profile

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.