Discover Financial Services (NYSE:DFS)‘s stock had its “equal weight” rating restated by Barclays PLC in a report issued on Thursday. They presently have a $70.00 price target on the financial services provider’s stock, down from their prior price target of $79.00. Barclays PLC’s target price suggests a potential upside of 14.27% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Instinet reiterated a “buy” rating and issued a $86.00 price objective (down from $88.00) on shares of Discover Financial Services in a research note on Saturday, April 29th. Wells Fargo & Company cut Discover Financial Services to a “buy” rating and set a $70.00 price target on the stock. in a research note on Friday, May 19th. Royal Bank Of Canada restated a “buy” rating and issued a $82.00 price target on shares of Discover Financial Services in a research note on Tuesday, May 16th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Discover Financial Services in a research note on Friday, May 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $82.00 price target on shares of Discover Financial Services in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. Discover Financial Services has a consensus rating of “Buy” and a consensus price target of $74.58.

Discover Financial Services (NYSE DFS) opened at 61.26 on Thursday. Discover Financial Services has a 52-week low of $53.91 and a 52-week high of $74.33. The stock has a 50 day moving average price of $60.07 and a 200 day moving average price of $66.69. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 10.46 and a beta of 1.47.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Discover Financial Services had a return on equity of 21.86% and a net margin of 22.08%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. On average, equities analysts expect that Discover Financial Services will post $5.99 earnings per share for the current year.

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In related news, CFO R. Mark Graf sold 29,584 shares of Discover Financial Services stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $64.50, for a total transaction of $1,908,168.00. Following the completion of the transaction, the chief financial officer now directly owns 98,905 shares in the company, valued at approximately $6,379,372.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Roger C. Hochschild sold 15,258 shares of Discover Financial Services stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $62.28, for a total value of $950,268.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,600 shares of company stock valued at $8,976,046. Insiders own 0.96% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of Discover Financial Services by 1.1% in the first quarter. Quadrant Capital Group LLC now owns 4,296 shares of the financial services provider’s stock valued at $287,000 after buying an additional 46 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Discover Financial Services by 0.7% in the first quarter. Fulton Bank N.A. now owns 17,557 shares of the financial services provider’s stock valued at $1,201,000 after buying an additional 117 shares during the period. Rathbone Brothers plc increased its position in shares of Discover Financial Services by 33.8% in the first quarter. Rathbone Brothers plc now owns 175,812 shares of the financial services provider’s stock valued at $12,024,000 after buying an additional 44,406 shares during the period. Swarthmore Group Inc. acquired a new position in shares of Discover Financial Services during the first quarter valued at $15,699,000. Finally, Park National Corp OH increased its position in shares of Discover Financial Services by 0.9% in the first quarter. Park National Corp OH now owns 7,934 shares of the financial services provider’s stock valued at $543,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

About Discover Financial Services

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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