Discover Financial Services (NYSE:DFS) had its price target cut by investment analysts at BMO Capital Markets from $97.00 to $93.00 in a research report issued on Thursday. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 14.84% from the company’s current price.
A number of other equities research analysts also recently issued reports on DFS. Buckingham Research started 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. Wells Fargo & Co started 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 downgraded Discover Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Oppenheimer set a $71.00 price objective on Discover Financial Services and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, Compass Point downgraded Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $85.52.
Shares of Discover Financial Services (NYSE:DFS) traded up $0.68 during mid-day trading on Thursday, reaching $80.98. The company’s stock had a trading volume of 2,365,365 shares, compared to its average volume of 2,108,283. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $81.25. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08. The stock has a market capitalization of $29,179.46, a P/E ratio of 14.97, a PEG ratio of 1.31 and a beta of 1.52.
In other Discover Financial Services news, COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $66.79, for a total transaction of $1,019,081.82. Following the sale, the chief operating officer now owns 769,440 shares of the company’s stock, valued at approximately $51,390,897.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carlos Minetti sold 8,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.68, for a total value of $533,440.00. Following the sale, the executive vice president now directly owns 173,149 shares in the company, valued at approximately $11,545,575.32. The disclosure for this sale can be found here. Insiders have sold a total of 162,774 shares of company stock worth $11,573,670 over the last 90 days. 0.96% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. M&R Capital Management Inc. boosted its position in Discover Financial Services by 1.1% during the 2nd quarter. M&R Capital Management Inc. now owns 6,595 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 70 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in Discover Financial Services by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,944 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 107 shares in the last quarter. Moors & Cabot Inc. boosted its position in Discover Financial Services by 4.7% during the 2nd quarter. Moors & Cabot Inc. now owns 4,364 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 196 shares in the last quarter. Advisory Services Network LLC boosted its position in Discover Financial Services by 8.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,911 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 229 shares in the last quarter. Finally, National Asset Management Inc. boosted its position in Discover Financial Services by 5.3% during the 2nd quarter. National Asset Management Inc. now owns 4,614 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 231 shares in the last quarter. 84.72% of the stock is currently owned by institutional investors and hedge funds.
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.