Discover Financial Services (NYSE:DFS) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Discover Financial Services (NYSE:DFS) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

DFS has been the subject of a number of other research reports. Royal Bank of Canada increased their target price on shares of Discover Financial Services from $140.00 to $148.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods upped their price target on Discover Financial Services from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, July 8th. BMO Capital Markets lifted their price objective on Discover Financial Services from $115.00 to $119.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. BTIG Research started coverage on Discover Financial Services in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $132.94.

Discover Financial Services Stock Up 2.0 %

Shares of DFS stock opened at $133.90 on Tuesday. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $147.61. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.28. The firm has a market cap of $33.58 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.42. The stock has a 50 day moving average of $134.02 and a 200-day moving average of $128.14.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $3.00. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the firm posted $3.54 earnings per share. Discover Financial Services’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts predict that Discover Financial Services will post 12.87 EPS for the current year.

Institutional Trading of Discover Financial Services

Several institutional investors have recently bought and sold shares of DFS. Opal Wealth Advisors LLC acquired a new position in Discover Financial Services in the second quarter worth $26,000. Y.D. More Investments Ltd boosted its stake in Discover Financial Services by 147.8% in the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Discover Financial Services by 72.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Larson Financial Group LLC boosted its stake in Discover Financial Services by 348.2% in the second quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 195 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in Discover Financial Services in the first quarter worth $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.