Discover Financial Services (NYSE:DFS) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $82.50 to $82.00 in a note issued to investors on Thursday. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 2.12% from the stock’s previous close.
Several other analysts also recently weighed in on DFS. BMO Capital Markets reduced their target price on Discover Financial Services from $97.00 to $93.00 and set a “market perform” rating for the company in a report on Thursday. Credit Suisse Group boosted their target price on Discover Financial Services from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley boosted their target price on Discover Financial Services from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Co boosted their target price on Discover Financial Services from $83.00 to $84.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Jefferies Group reissued a “buy” rating and issued a $91.00 target price on shares of Discover Financial Services in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $85.04.
Discover Financial Services (NYSE:DFS) traded up $1.56 during trading hours on Thursday, hitting $80.30. The stock had a trading volume of 3,048,228 shares, compared to its average volume of 2,393,147. The firm has a market cap of $29,180.00, a PE ratio of 13.82, a P/E/G ratio of 1.28 and a beta of 1.52. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.25. 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 Discover Financial Services news, CFO R. Mark Graf sold 16,503 shares of the company’s 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 of the company’s stock, valued at approximately $5,493,741.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Nelms sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.80, for a total value of $2,004,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,277 shares of company stock valued at $12,673,925. 0.96% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DFS. Grove Bank & Trust raised its stake in shares of Discover Financial Services by 2,483.3% during the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,490 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Discover Financial Services during the 3rd quarter worth approximately $123,000. Americafirst Capital Management LLC purchased a new position in shares of Discover Financial Services during the 3rd quarter worth approximately $140,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Discover Financial Services during the 2nd quarter worth approximately $157,000. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Discover Financial Services during the 2nd quarter worth approximately $170,000. 84.72% of the stock is owned by hedge funds and other institutional investors.
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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.
