Discover Financial Services (NYSE:DFS) has been assigned a consensus rating of “Buy” from the twenty-six brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $74.61.

Several equities analysts have recently commented on DFS shares. ValuEngine lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Wells Fargo & Company assumed coverage on Discover Financial Services in a research report on Tuesday, October 10th. They set a “market perform” rating and a $69.00 price objective on the stock. Zacks Investment Research raised Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Buckingham Research assumed coverage on Discover Financial Services in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 price objective on the stock. Finally, Bank of America raised their price objective on Discover Financial Services from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th.

In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.55, for a total value of $1,936,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carlos Minetti sold 8,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.51, for a total value of $516,080.00. The disclosure for this sale can be found here. In the last three months, insiders sold 183,277 shares of company stock valued at $12,335,343. Corporate insiders own 0.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DFS. Grove Bank & Trust boosted its holdings in Discover Financial Services by 2,483.3% in the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 1,490 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Discover Financial Services in the third quarter worth about $123,000. Americafirst Capital Management LLC purchased a new position in shares of Discover Financial Services in the third quarter worth about $140,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Discover Financial Services in the second quarter worth about $157,000. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Discover Financial Services in the second quarter worth about $170,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Shares of Discover Financial Services (NYSE DFS) traded up $0.35 during trading on Friday, hitting $73.80. The stock had a trading volume of 1,851,200 shares, compared to its average volume of 2,638,563. The stock has a market capitalization of $26,504.98, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.92 and a beta of 1.53. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $74.41.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, November 21st. Discover Financial Services’s dividend payout ratio is presently 24.05%.

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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.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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