Discover Financial Services (NYSE:DFS) Price Target Increased to $150.00 by Analysts at Jefferies Financial Group

Discover Financial Services (NYSE:DFS) had its price target upped by Jefferies Financial Group from $145.00 to $150.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on DFS. Wells Fargo & Company increased their target price on shares of Discover Financial Services from $105.00 to $135.00 and gave the stock an equal weight rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods increased their target price on shares of Discover Financial Services from $145.00 to $160.00 and gave the stock an outperform rating in a report on Monday. StockNews.com started coverage on shares of Discover Financial Services in a report on Sunday. They set a hold rating on the stock. Seaport Res Ptn cut shares of Discover Financial Services from a buy rating to a neutral rating in a report on Friday, March 15th. Finally, Barclays increased their target price on shares of Discover Financial Services from $123.00 to $135.00 and gave the stock an equal weight rating in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $129.78.

Discover Financial Services Price Performance

DFS opened at $130.00 on Tuesday. The company has a market cap of $32.60 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.78 and a beta of 1.44. The company has a 50 day moving average of $125.32 and a two-hundred day moving average of $119.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.50. Discover Financial Services has a 52-week low of $79.04 and a 52-week high of $133.78.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter last year, the company earned $3.58 earnings per share. On average, analysts expect that Discover Financial Services will post 11.47 earnings per share for the current year.

Discover Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 2.15%. Discover Financial Services’s dividend payout ratio is presently 31.93%.

Hedge Funds Weigh In On Discover Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DAVENPORT & Co LLC boosted its position in shares of Discover Financial Services by 335.4% during the 4th quarter. DAVENPORT & Co LLC now owns 63,796 shares of the financial services provider’s stock valued at $7,171,000 after purchasing an additional 49,145 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Discover Financial Services by 238.7% during the 4th quarter. D.A. Davidson & CO. now owns 14,783 shares of the financial services provider’s stock valued at $1,662,000 after purchasing an additional 10,418 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Discover Financial Services by 1.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 916,367 shares of the financial services provider’s stock worth $103,000,000 after buying an additional 16,532 shares during the period. Principal Securities Inc. acquired a new position in shares of Discover Financial Services in the fourth quarter worth about $1,073,000. Finally, Vest Financial LLC boosted its holdings in shares of Discover Financial Services by 18.8% in the fourth quarter. Vest Financial LLC now owns 121,753 shares of the financial services provider’s stock worth $13,685,000 after buying an additional 19,283 shares during the period. Institutional investors own 86.94% of the company’s stock.

About Discover Financial Services

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; private student loans, 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.