Discover Financial Services (NYSE:DFS) – Equities research analysts at Oppenheimer lowered their Q4 2017 EPS estimates for Discover Financial Services in a research note issued to investors on Tuesday. Oppenheimer analyst B. Chittenden now forecasts that the financial services provider will post earnings per share of $1.55 for the quarter, down from their previous forecast of $1.59. Oppenheimer has a “Buy” rating and a $71.00 price objective on the stock. Oppenheimer also issued estimates for Discover Financial Services’ Q1 2018 earnings at $1.76 EPS.

A number of other equities research analysts have also recently weighed in on DFS. Stephens set a $73.00 price objective on Discover Financial Services and gave the company a “sell” rating in a research note on Tuesday. Deutsche Bank began coverage on Discover Financial Services in a report on Tuesday. They issued a “buy” rating and a $92.00 target price on the stock. Zacks Investment Research lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Buckingham Research initiated coverage on Discover Financial Services in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $78.24.

Shares of Discover Financial Services (DFS) opened at $77.48 on Thursday. The firm has a market capitalization of $28,150.00, a P/E ratio of 13.34, a P/E/G ratio of 1.83 and a beta of 1.52. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $77.79. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.40 dividend on an annualized basis and a yield of 1.81%. Discover Financial Services’s payout ratio is 24.10%.

In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $66.80, for a total value of $2,004,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane E. Offereins sold 15,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $70.36, for a total value of $1,055,400.00. Following the completion of the sale, the executive vice president now directly owns 160,747 shares of the company’s stock, valued at approximately $11,310,158.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,019 shares of company stock valued at $8,892,976. Insiders own 0.96% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of DFS. Pacer Advisors Inc. increased its stake in Discover Financial Services by 8.2% during the second quarter. Pacer Advisors Inc. now owns 9,099 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 693 shares during the period. Atlantic Trust Group LLC increased its stake in Discover Financial Services by 1.6% during the second quarter. Atlantic Trust Group LLC now owns 25,591 shares of the financial services provider’s stock valued at $1,591,000 after acquiring an additional 406 shares during the period. LSV Asset Management grew its stake in shares of Discover Financial Services by 1.6% in the 2nd quarter. LSV Asset Management now owns 6,472,520 shares of the financial services provider’s stock valued at $402,525,000 after purchasing an additional 103,554 shares during the period. IFM Investors Pty Ltd bought a new stake in shares of Discover Financial Services in the 2nd quarter valued at approximately $669,000. Finally, Schroder Investment Management Group grew its stake in shares of Discover Financial Services by 12.4% in the 2nd quarter. Schroder Investment Management Group now owns 2,335,187 shares of the financial services provider’s stock valued at $143,638,000 after purchasing an additional 257,079 shares during the period. Hedge funds and other institutional investors own 84.77% of the company’s stock.

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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 and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

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

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