Discover Financial Services (NYSE:DFS) had its target price upped by research analysts at Morgan Stanley from $79.00 to $91.00 in a research report issued on Thursday. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 13.33% from the company’s current price.
Other research analysts have also issued reports about the company. Oppenheimer set a $71.00 target price on Discover Financial Services and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Buckingham Research initiated coverage on Discover Financial Services in a research report on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 target price on shares of Discover Financial Services in a research report on Wednesday, October 25th. Nomura cut their target price on Discover Financial Services from $81.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Finally, ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $85.04.
Shares of Discover Financial Services (NYSE:DFS) traded up $1.56 during trading on Thursday, hitting $80.30. The company’s stock had a trading volume of 3,048,228 shares, compared to its average volume of 2,393,147. Discover Financial Services has a one year low of $57.50 and a one year high of $81.25. The stock has a market cap of $29,180.00, a price-to-earnings ratio of 13.82, a PEG ratio of 1.28 and a beta of 1.52. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52.
In other news, EVP Carlos Minetti sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $66.68, for a total transaction of $533,440.00. Following the completion of the sale, the executive vice president now directly owns 173,149 shares in the company, valued at $11,545,575.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R. Mark Graf sold 16,503 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $66.67, for a total value of $1,100,255.01. Following the sale, the chief financial officer now owns 82,402 shares of the company’s stock, valued at $5,493,741.34. The disclosure for this sale can be found here. Insiders sold 179,277 shares of company stock worth $12,673,925 over the last three months. 0.96% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Discover Financial Services by 27.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 172,019 shares of the financial services provider’s stock valued at $13,232,000 after acquiring an additional 37,124 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Discover Financial Services by 60.7% during the fourth quarter. APG Asset Management N.V. now owns 1,353,532 shares of the financial services provider’s stock valued at $86,704,000 after acquiring an additional 511,200 shares in the last quarter. Rathbone Brothers plc grew its stake in shares of Discover Financial Services by 3.1% during the fourth quarter. Rathbone Brothers plc now owns 231,240 shares of the financial services provider’s stock valued at $17,787,000 after acquiring an additional 6,847 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Discover Financial Services by 460.1% during the fourth quarter. SG Americas Securities LLC now owns 102,485 shares of the financial services provider’s stock valued at $7,883,000 after acquiring an additional 84,188 shares in the last quarter. Finally, Unison Advisors LLC acquired a new stake in shares of Discover Financial Services during the fourth quarter valued at about $1,349,000. Institutional investors own 84.72% 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.
