Discover Financial Services (NYSE:DFS) shares rose 3.9% during trading on Tuesday . The stock traded as high as $159.04 and last traded at $159.00. Approximately 2,779,607 shares changed hands during trading, an increase of 99% from the average daily volume of 1,398,552 shares. The stock had previously closed at $152.99.
Analyst Ratings Changes
DFS has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an "equal weight" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price target on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. StockNews.com cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Truist Financial reduced their price objective on shares of Discover Financial Services from $262.00 to $219.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Barclays raised their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $192.40.
View Our Latest Stock Report on Discover Financial Services
Discover Financial Services Stock Up 0.3 %
The firm has a market capitalization of $41.49 billion, a P/E ratio of 10.33, a PEG ratio of 1.51 and a beta of 1.45. The firm's 50-day moving average is $186.18 and its 200 day moving average is $168.64. 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 issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. As a group, equities research analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.
Discover Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.80 annualized dividend and a yield of 1.70%. Discover Financial Services's dividend payout ratio (DPR) is presently 17.54%.
Institutional Investors Weigh In On Discover Financial Services
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Discover Financial Services during the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Discover Financial Services during the 4th quarter worth about $33,000. Flagship Wealth Advisors LLC acquired a new position in shares of Discover Financial Services during the 4th quarter worth about $34,000. Mattson Financial Services LLC acquired a new position in shares of Discover Financial Services during the 4th quarter worth about $34,000. Finally, Grove Bank & Trust increased its stake in shares of Discover Financial Services by 78.1% during the 4th quarter. Grove Bank & Trust now owns 203 shares of the financial services provider's stock worth $35,000 after purchasing an additional 89 shares during the last quarter. 86.94% of the stock is owned by institutional investors.
About Discover Financial Services
(
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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