Discover Financial Services (NYSE:DFS) had its target price reduced by investment analysts at Barclays from $95.00 to $94.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays’ price objective would indicate a potential upside of 17.06% from the company’s previous close.
DFS has been the subject of a number of other research reports. JMP Securities lifted their price target on Discover Financial Services to $91.00 and gave the company an “outperform” rating in a research note on Thursday. Deutsche Bank assumed coverage on Discover Financial Services in a research note on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price target for the company. Zacks Investment Research downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Bank of America upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Monday, December 18th. Finally, BMO Capital Markets cut their price target on Discover Financial Services from $97.00 to $93.00 and set a “market perform” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Discover Financial Services has a consensus rating of “Buy” and a consensus target price of $84.48.
Discover Financial Services (DFS) traded up $1.56 during mid-day trading on Thursday, reaching $80.30. The company’s stock had a trading volume of 3,049,228 shares, compared to its average volume of 2,393,147. The firm has a market cap of $29,180.00, a P/E ratio of 13.82, a P/E/G ratio of 1.28 and a beta of 1.52. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $81.25.
In related news, EVP Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $76.81, for a total value of $307,240.00. Following the sale, the executive vice president now owns 134,744 shares of the company’s stock, valued at approximately $10,349,686.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R. Mark Graf sold 16,503 shares of Discover Financial Services stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the completion of the sale, the chief financial officer now directly owns 82,402 shares in the company, valued at approximately $5,493,741.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 179,277 shares of company stock worth $12,673,925. Insiders own 0.96% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Boston Partners raised its holdings in shares of Discover Financial Services by 4.6% in the 3rd quarter. Boston Partners now owns 12,187,219 shares of the financial services provider’s stock worth $785,833,000 after purchasing an additional 538,244 shares during the period. Capital World Investors raised its holdings in shares of Discover Financial Services by 18.3% in the 2nd quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock worth $657,867,000 after purchasing an additional 1,638,334 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of Discover Financial Services by 97.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock worth $453,619,000 after purchasing an additional 3,475,126 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Discover Financial Services by 84.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,904,200 shares of the financial services provider’s stock worth $380,703,000 after purchasing an additional 2,698,700 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Discover Financial Services by 16.8% in the 3rd quarter. Epoch Investment Partners Inc. now owns 3,091,274 shares of the financial services provider’s stock worth $199,326,000 after purchasing an additional 444,325 shares during the period. 84.72% of the stock is currently owned by institutional investors.
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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.
