Discover Financial Services (NYSE:DFS)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a report issued on Thursday. They presently have a $72.00 target price on the financial services provider’s stock, up from their prior target price of $63.00. Wedbush’s price target indicates a potential upside of 6.24% from the stock’s previous close.

A number of other equities research analysts have also recently commented on DFS. JMP Securities raised their price target on Discover Financial Services from $63.00 to $71.00 and gave the company a “market outperform” rating in a report on Tuesday, November 22nd. Jefferies Group restated a “buy” rating on shares of Discover Financial Services in a research report on Friday, August 12th. Zacks Investment Research lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday. Stephens began coverage on Discover Financial Services in a research report on Friday, November 18th. They set an “underweight” rating and a $62.00 price objective for the company. Finally, Barclays PLC lowered Discover Financial Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $64.92.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

Shares of Discover Financial Services (NYSE:DFS) opened at 67.77 on Thursday. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 12.33 and a beta of 1.39. The stock has a 50 day moving average price of $59.64 and a 200-day moving average price of $57.23. Discover Financial Services has a 1-year low of $42.86 and a 1-year high of $68.88.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 3rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, November 1st. Discover Financial Services’s dividend payout ratio (DPR) is 21.74%.

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In other Discover Financial Services news, CEO David W. Nelms sold 15,000 shares of Discover Financial Services stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $56.46, for a total value of $846,900.00. Following the transaction, the chief executive officer now directly owns 1,727,268 shares of the company’s stock, valued at $97,521,551.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R. Mark Graf sold 25,032 shares of Discover Financial Services stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $56.78, for a total transaction of $1,421,316.96. Following the completion of the transaction, the chief financial officer now directly owns 116,052 shares in the company, valued at $6,589,432.56. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in DFS. Financial Architects Inc raised its position in 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 valued at $100,000 after buying an additional 1,652 shares in the last quarter. Evercore Wealth Management LLC raised its position in 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 valued at $107,000 after buying an additional 396 shares in the last quarter. Acrospire Investment Management LLC raised its position in 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 valued at $107,000 after buying an additional 300 shares in the last quarter. Cable Hill Partners LLC raised its position in 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 valued at $109,000 after buying an additional 1,018 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its position in 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 valued at $110,000 after buying an additional 625 shares in the last quarter. 83.54% of the stock is currently owned by institutional investors and hedge funds.

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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