Shares of Discover Financial Services (NYSE:DFS) saw unusually-high trading volume on Friday . Approximately 4,445,174 shares changed hands during mid-day trading, an increase of 229% from the previous session's volume of 1,352,822 shares.The stock last traded at $166.85 and had previously closed at $172.67.
Analyst Ratings Changes
DFS has been the topic of several analyst reports. Truist Financial upped their price objective on Discover Financial Services from $233.00 to $262.00 and gave the company a "buy" rating in a research note on Monday, January 27th. StockNews.com lowered Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Barclays upped their price objective on Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, UBS Group raised Discover Financial Services from a "neutral" rating to a "buy" rating and increased their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Discover Financial Services presently has an average rating of "Hold" and an average target price of $191.91.
Check Out Our Latest Analysis on Discover Financial Services
Discover Financial Services Stock Performance
The stock has a market cap of $42.11 billion, a P/E ratio of 10.49, a PEG ratio of 1.51 and a beta of 1.45. The stock has a fifty day simple moving average of $189.03 and a 200-day simple moving average of $167.33. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09.
Discover Financial Services (NYSE:DFS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. On average, equities analysts expect that Discover Financial Services will post 13.88 earnings per share for the current year.
Discover Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services's payout ratio is currently 17.54%.
Hedge Funds Weigh In On Discover Financial Services
Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Discover Financial Services during the third quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in Discover Financial Services during the fourth quarter worth approximately $33,000. Flagship Wealth Advisors LLC acquired a new stake in Discover Financial Services during the fourth quarter worth approximately $34,000. Grove Bank & Trust lifted its position in Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after acquiring an additional 89 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in Discover Financial Services during the fourth quarter worth approximately $35,000. Institutional investors own 86.94% of the company's stock.
Discover Financial Services Company Profile
(
Get Free Report)
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.
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