Discover Financial Services (NYSE:DFS) has received an average recommendation of “Buy” from the twenty-six analysts that are currently covering the stock. Seven research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $64.67.

A number of analysts have recently weighed in on DFS shares. Wells Fargo & Co. restated a “buy” rating on shares of Discover Financial Services in a research note on Saturday, July 9th. Nomura restated a “buy” rating on shares of Discover Financial Services in a research note on Saturday, July 9th. RBC Capital Markets reiterated a “top pick” rating and issued a $73.00 price objective (up from $68.00) on shares of Discover Financial Services in a research report on Wednesday, July 20th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Discover Financial Services in a research report on Tuesday, July 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $66.00 price objective on shares of Discover Financial Services in a research report on Wednesday, July 20th.

Shares of Discover Financial Services (NYSE:DFS) traded up 1.22% on Wednesday, reaching $55.48. 971,693 shares of the company traded hands. Discover Financial Services has a 52-week low of $42.86 and a 52-week high of $60.29. The firm has a 50-day moving average of $57.33 and a 200-day moving average of $55.87. The company has a market capitalization of $22.39 billion, a PE ratio of 10.42 and a beta of 1.20.

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

In related news, CEO David W. Nelms sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $56.68, for a total transaction of $850,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary K. Bush sold 2,229 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $56.98, for a total value of $127,008.42. Following the transaction, the director now directly owns 54,425 shares in the company, valued at $3,101,136.50. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurich Insurance Group Ltd FI raised its position in Discover Financial Services by 24.3% in the first quarter. Zurich Insurance Group Ltd FI now owns 69,212 shares of the financial services provider’s stock worth $3,524,000 after buying an additional 13,512 shares during the last quarter. National Pension Service raised its position in Discover Financial Services by 4.2% in the first quarter. National Pension Service now owns 270,452 shares of the financial services provider’s stock worth $13,771,000 after buying an additional 11,019 shares during the last quarter. Nuveen Asset Management LLC raised its position in Discover Financial Services by 17.8% in the first quarter. Nuveen Asset Management LLC now owns 696,455 shares of the financial services provider’s stock worth $35,464,000 after buying an additional 105,197 shares during the last quarter. Southernsun Asset Management LLC raised its position in Discover Financial Services by 2.4% in the first quarter. Southernsun Asset Management LLC now owns 40,895 shares of the financial services provider’s stock worth $2,082,000 after buying an additional 945 shares during the last quarter. Finally, Friess Associates LLC acquired a new position in Discover Financial Services during the first quarter worth $2,799,000. 85.42% of the stock is currently owned by institutional investors and hedge funds.

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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