Shares of Discover Financial Services (NYSE:DFS) have earned a consensus rating of “Buy” from the twenty-seven brokerages that are presently covering the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.50.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Friday. JMP Securities boosted their price target on shares of Discover Financial Services from $63.00 to $71.00 and gave the company a “market outperform” rating in a research report on Tuesday. Stephens assumed coverage on shares of Discover Financial Services in a research report on Friday, November 18th. They set an “underweight” rating and a $62.00 price target on the stock. Jefferies Group boosted their price target on shares of Discover Financial Services from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. Finally, Barclays PLC cut shares of Discover Financial Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, September 7th.

Shares of Discover Financial Services (NYSE:DFS) opened at 68.41 on Wednesday. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 12.45 and a beta of 1.39. The stock’s 50 day moving average is $59.32 and its 200 day moving average is $57.11. Discover Financial Services has a 52 week low of $42.86 and a 52 week high of $68.88.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 3rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. Discover Financial Services’s dividend payout ratio (DPR) is 21.74%.

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In related news, EVP Diane E. Offereins sold 10,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $56.45, for a total transaction of $564,500.00. Following the transaction, the executive vice president now owns 308,962 shares in the company, valued at $17,440,904.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Nelms sold 15,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $56.46, for a total transaction of $846,900.00. Following the transaction, the chief executive officer now owns 1,727,268 shares in the company, valued at approximately $97,521,551.28. 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 modified their holdings of the stock. Financial Architects Inc increased its position in shares of Discover Financial Services by 724.6% in the second quarter. Financial Architects Inc now owns 1,880 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,652 shares during the period. Acrospire Investment Management LLC increased its position in shares of Discover Financial Services by 18.8% in the third quarter. Acrospire Investment Management LLC now owns 1,900 shares of the financial services provider’s stock worth $107,000 after buying an additional 300 shares during the period. Cable Hill Partners LLC boosted its stake in shares of Discover Financial Services by 112.1% in the third quarter. Cable Hill Partners LLC now owns 1,926 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,018 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in shares of Discover Financial Services by 24.9% in the second quarter. Evercore Wealth Management LLC now owns 1,989 shares of the financial services provider’s stock worth $107,000 after buying an additional 396 shares in the last quarter. Finally, Mycio Wealth Partners LLC boosted its stake in shares of Discover Financial Services by 43.7% in the second quarter. Mycio Wealth Partners LLC now owns 2,054 shares of the financial services provider’s stock worth $110,000 after buying an additional 625 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

About Discover Financial Services

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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