Discover Financial Services (NYSE:DFS) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $81.83.

DFS has been the topic of several analyst reports. Zacks Investment Research lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Wells Fargo & Co cut their target price on shares of Discover Financial Services from $82.00 to $78.00 and set a “market perform” rating on the stock in a report on Friday, October 26th. Citigroup cut their target price on shares of Discover Financial Services from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, November 1st. ValuEngine lowered shares of Discover Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Barclays set a $85.00 target price on shares of Discover Financial Services and gave the stock a “buy” rating in a report on Friday, December 14th.

In related news, EVP Carlos Minetti sold 3,750 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $71.98, for a total value of $269,925.00. Following the completion of the transaction, the executive vice president now owns 122,602 shares of the company’s stock, valued at $8,824,891.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David W. Nelms sold 30,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $72.05, for a total transaction of $2,161,500.00. Following the completion of the transaction, the insider now directly owns 1,120,798 shares of the company’s stock, valued at approximately $80,753,495.90. The disclosure for this sale can be found here. Insiders have sold 114,012 shares of company stock valued at $7,893,863 in the last three months. 0.81% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its position in shares of Discover Financial Services by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 9,265 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 802 shares during the period. Doyle Wealth Management bought a new position in shares of Discover Financial Services in the 4th quarter valued at about $58,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Discover Financial Services in the 4th quarter valued at about $265,000. Markston International LLC grew its position in shares of Discover Financial Services by 0.6% in the 4th quarter. Markston International LLC now owns 52,239 shares of the financial services provider’s stock valued at $3,081,000 after acquiring an additional 300 shares during the period. Finally, Seizert Capital Partners LLC grew its position in shares of Discover Financial Services by 59.5% in the 4th quarter. Seizert Capital Partners LLC now owns 488,829 shares of the financial services provider’s stock valued at $28,831,000 after acquiring an additional 182,273 shares during the period. 86.17% of the stock is owned by institutional investors and hedge funds.

DFS traded down $0.17 during mid-day trading on Wednesday, hitting $67.84. The stock had a trading volume of 221,277 shares, compared to its average volume of 2,642,241. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.48 and a current ratio of 1.08. The firm has a market cap of $22.85 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.60. Discover Financial Services has a 1-year low of $54.36 and a 1-year high of $81.34.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Thursday, January 24th. The financial services provider reported $2.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.06). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.81 billion. Discover Financial Services had a return on equity of 25.87% and a net margin of 21.25%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.51 earnings per share. Equities analysts forecast that Discover Financial Services will post 8.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, February 20th. Discover Financial Services’s dividend payout ratio is 20.54%.

About Discover Financial Services

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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