Barclays Increases Discover Financial Services (NYSE:DFS) Price Target to $135.00

Discover Financial Services (NYSE:DFS) had its target price increased by Barclays from $123.00 to $135.00 in a report released on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of Discover Financial Services from $145.00 to $160.00 and gave the company an outperform rating in a research note on Monday. StockNews.com initiated coverage on shares of Discover Financial Services in a research note on Sunday, July 7th. They set a hold rating on the stock. JPMorgan Chase & Co. lifted their price target on Discover Financial Services from $120.00 to $132.00 and gave the company a neutral rating in a research note on Monday. Seaport Res Ptn downgraded Discover Financial Services from a buy rating to a neutral rating in a research report on Friday, March 15th. Finally, HSBC boosted their price objective on Discover Financial Services from $107.00 to $144.00 and gave the company a hold rating in a research report on Thursday, March 21st. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $129.78.

Discover Financial Services Trading Up 1.8 %

NYSE DFS opened at $131.48 on Tuesday. Discover Financial Services has a 1 year low of $79.04 and a 1 year high of $133.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $32.97 billion, a PE ratio of 14.99, a P/E/G ratio of 0.78 and a beta of 1.44. The company has a fifty day moving average of $125.57 and a 200 day moving average of $120.13.

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

Discover Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, May 22nd. Discover Financial Services’s dividend payout ratio (DPR) is presently 31.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Partnership Wealth Management LLC purchased a new position in Discover Financial Services during the fourth quarter worth about $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Discover Financial Services during the 4th quarter worth approximately $28,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Discover Financial Services during the 4th quarter valued at approximately $31,000. Riverview Trust Co acquired a new position in Discover Financial Services in the first quarter valued at approximately $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in Discover Financial Services in the first quarter worth approximately $34,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Discover Financial Services Company Profile

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.