Discover Financial Services (NYSE:DFS) – Investment analysts at Wedbush issued their Q3 2016 EPS estimates for shares of Discover Financial Services in a report released on Monday. Wedbush analyst H. Coffey forecasts that the brokerage will post earnings per share of $1.43 for the quarter. Wedbush has a “Neutral” rating and a $63.00 price objective on the stock. Wedbush also issued estimates for Discover Financial Services’ Q4 2016 earnings at $1.39 EPS, FY2016 earnings at $5.63 EPS, Q1 2017 earnings at $1.42 EPS, Q2 2017 earnings at $1.51 EPS, Q3 2017 earnings at $1.46 EPS, Q4 2017 earnings at $1.61 EPS, FY2017 earnings at $6.00 EPS and FY2018 earnings at $6.65 EPS.

Other analysts have also recently issued research reports about the company. Credit Suisse Group AG reiterated a “buy” rating on shares of Discover Financial Services in a research report on Tuesday, August 23rd. Jefferies Group increased their target price on Discover Financial Services from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. Deutsche Bank AG reiterated a “buy” rating and set a $63.00 target price on shares of Discover Financial Services in a research report on Thursday, August 18th. Nomura reiterated a “buy” rating on shares of Discover Financial Services in a research report on Sunday, July 10th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $63.00 target price on shares of Discover Financial Services in a research report on Wednesday, July 20th. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $63.69.

Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

Shares of Discover Financial Services (NYSE:DFS) opened at 54.82 on Thursday. The firm has a 50-day moving average price of $57.56 and a 200 day moving average price of $55.74. Discover Financial Services has a 12 month low of $42.86 and a 12 month high of $60.29. The company has a market cap of $22.13 billion, a P/E ratio of 10.30 and a beta of 1.20.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. Discover Financial Services had a return on equity of 21.15% and a net margin of 22.41%.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. Discover Financial Services’s dividend payout ratio is presently 22.47%.

In related news, COO Roger C. Hochschild sold 10,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $56.74, for a total transaction of $567,400.00. Following the transaction, the chief operating officer now directly owns 855,772 shares in the company, valued at approximately $48,556,503.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Edward W. Mcgrogan sold 1,300 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $56.69, for a total value of $73,697.00. Following the transaction, the senior vice president now owns 12,072 shares in the company, valued at $684,361.68. The disclosure for this sale can be found here. 1.07% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Discover Financial Services by 0.3% in the second quarter. Quadrant Capital Group LLC now owns 4,255 shares of the financial services provider’s stock valued at $224,000 after buying an additional 14 shares during the period. EP Wealth Advisors Inc. increased its position in shares of Discover Financial Services by 0.4% in the first quarter. EP Wealth Advisors Inc. now owns 3,986 shares of the financial services provider’s stock valued at $203,000 after buying an additional 16 shares during the period. MSI Financial Services Inc increased its position in shares of Discover Financial Services by 0.4% in the third quarter. MSI Financial Services Inc now owns 10,530 shares of the financial services provider’s stock valued at $595,000 after buying an additional 39 shares during the period. Washington Trust Bank increased its position in shares of Discover Financial Services by 1.2% in the third quarter. Washington Trust Bank now owns 3,809 shares of the financial services provider’s stock valued at $215,000 after buying an additional 44 shares during the period. Finally, Pitcairn Co. increased its position in shares of Discover Financial Services by 1.0% in the second quarter. Pitcairn Co. now owns 5,216 shares of the financial services provider’s stock valued at $280,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 85.42% of the company’s stock.

Discover Financial Services Company Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

5 Day Chart for NYSE:DFS

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