Wells Fargo & Company Boosts Discover Financial Services (NYSE:DFS) Price Target to $214.00

Discover Financial Services (NYSE:DFS) had its target price increased by research analysts at Wells Fargo & Company from $185.00 to $214.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 6.16% from the stock’s previous close.

A number of other research analysts have also recently commented on DFS. Keefe, Bruyette & Woods upped their price target on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group raised shares of Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price target for the stock from $150.00 to $239.00 in a research report on Monday, January 13th. Finally, Barclays lifted their price objective on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $180.57.

Discover Financial Services Stock Up 0.3 %

Shares of NYSE:DFS opened at $201.59 on Friday. The company has a market capitalization of $50.66 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.15 and a beta of 1.46. Discover Financial Services has a 12-month low of $101.71 and a 12-month high of $204.93. The business has a 50-day moving average price of $178.82 and a 200 day moving average price of $154.51. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 27.52%. Sell-side analysts expect that Discover Financial Services will post 12.82 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. lifted its stake in Discover Financial Services by 58.8% during the second quarter. Sei Investments Co. now owns 92,474 shares of the financial services provider’s stock worth $12,096,000 after purchasing an additional 34,226 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Discover Financial Services by 61.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,070 shares of the financial services provider’s stock worth $6,288,000 after purchasing an additional 18,215 shares in the last quarter. AXA S.A. lifted its position in shares of Discover Financial Services by 141.5% during the 2nd quarter. AXA S.A. now owns 6,064 shares of the financial services provider’s stock worth $793,000 after buying an additional 3,553 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Discover Financial Services by 0.7% in the 2nd quarter. AQR Capital Management LLC now owns 171,921 shares of the financial services provider’s stock valued at $21,867,000 after buying an additional 1,165 shares in the last quarter. Finally, MBB Public Markets I LLC boosted its holdings in shares of Discover Financial Services by 588.8% in the 2nd quarter. MBB Public Markets I LLC now owns 17,818 shares of the financial services provider’s stock valued at $2,331,000 after buying an additional 15,231 shares in the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

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; 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.