Discover Financial Services (NYSE:DFS) – Equities researchers at DA Davidson reduced their Q1 2017 EPS estimates for shares of Discover Financial Services in a research report issued on Tuesday. DA Davidson analyst A. Cyganovich now anticipates that the financial services provider will post earnings per share of $1.46 for the quarter, down from their prior forecast of $1.51. DA Davidson also issued estimates for Discover Financial Services’ Q4 2017 earnings at $1.51 EPS and FY2017 earnings at $6.06 EPS.

Other research analysts have also issued reports about the company. Barclays PLC set a $79.00 target price on Discover Financial Services and gave the stock a “hold” rating in a report on Sunday, January 8th. Jefferies Group LLC reiterated a “buy” rating and set a $82.00 target price on shares of Discover Financial Services in a report on Friday, April 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $84.00 target price on shares of Discover Financial Services in a report on Monday, April 10th. BMO Capital Markets reiterated a “hold” rating and set a $68.00 target price on shares of Discover Financial Services in a report on Tuesday, April 11th. Finally, Rafferty Capital Markets reiterated a “hold” rating and set a $70.00 target price on shares of Discover Financial Services in a report on Wednesday, March 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Discover Financial Services presently has a consensus rating of “Buy” and an average target price of $69.21.

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

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Discover Financial Services (NYSE:DFS) opened at 64.97 on Thursday. The company has a market cap of $25.05 billion, a PE ratio of 11.26 and a beta of 1.42. The company’s 50-day moving average price is $68.46 and its 200 day moving average price is $66.78. Discover Financial Services has a 52 week low of $50.32 and a 52 week high of $74.33.

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In other news, Director Lawrence A. Weinbach sold 7,688 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $70.61, for a total value of $542,849.68. Following the transaction, the director now owns 46,698 shares of the company’s stock, valued at $3,297,345.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James V. Panzarino sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the executive vice president now directly owns 84,505 shares in the company, valued at approximately $5,848,591.05. The disclosure for this sale can be found here. Insiders sold 66,559 shares of company stock worth $4,576,966 in the last ninety days. 1.07% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of DFS. Quotient Investors LLC bought a new stake in shares of Discover Financial Services during the first quarter worth about $650,000. Whitnell & Co. increased its stake in shares of Discover Financial Services by 7.1% in the first quarter. Whitnell & Co. now owns 14,372 shares of the financial services provider’s stock worth $983,000 after buying an additional 953 shares in the last quarter. Bank of The West increased its stake in shares of Discover Financial Services by 41.0% in the first quarter. Bank of The West now owns 12,082 shares of the financial services provider’s stock worth $826,000 after buying an additional 3,512 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Discover Financial Services by 21.0% in the first quarter. DnB Asset Management AS now owns 110,415 shares of the financial services provider’s stock worth $7,551,000 after buying an additional 19,200 shares in the last quarter. Finally, Reliance Trust Co. of Delaware increased its stake in shares of Discover Financial Services by 44.3% in the first quarter. Reliance Trust Co. of Delaware now owns 8,107 shares of the financial services provider’s stock worth $554,000 after buying an additional 2,490 shares in the last quarter. 85.54% 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 and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

5 Day Chart for NYSE:DFS

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