Discover Financial Services (NYSE:DFS) – Investment analysts at Wedbush cut their Q1 2018 earnings estimates for Discover Financial Services in a research report issued on Monday. Wedbush analyst H. Coffey now expects that the financial services provider will earn $1.60 per share for the quarter, down from their prior forecast of $1.71. Wedbush also issued estimates for Discover Financial Services’ Q4 2018 earnings at $1.67 EPS.

A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $86.00 price target on shares of Discover Financial Services in a research note on Wednesday, October 25th. Barclays PLC set a $73.00 target price on shares of Discover Financial Services and gave the company a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets lowered their target price on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating on the stock in a report on Wednesday, October 25th. Bank of America Corporation boosted their target price on shares of Discover Financial Services from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Nomura lowered their target price on shares of Discover Financial Services from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $74.45.

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Discover Financial Services (DFS) opened at $67.44 on Thursday. The stock has a market capitalization of $24.51 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.51. Discover Financial Services has a 12 month low of $55.71 and a 12 month high of $74.33. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.58 and a current ratio of 1.58.

Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans boosted its stake in Discover Financial Services by 2.9% during the first quarter. Thrivent Financial For Lutherans now owns 14,728 shares of the financial services provider’s stock worth $1,009,000 after buying an additional 410 shares during the period. BlackRock Inc. boosted its stake in Discover Financial Services by 3,280.4% during the first quarter. BlackRock Inc. now owns 30,704,582 shares of the financial services provider’s stock worth $2,099,886,000 after buying an additional 29,796,268 shares during the period. Epoch Investment Partners Inc. boosted its stake in Discover Financial Services by 2.5% during the first quarter. Epoch Investment Partners Inc. now owns 2,109,399 shares of the financial services provider’s stock worth $144,261,000 after buying an additional 52,084 shares during the period. KCG Holdings Inc. boosted its stake in Discover Financial Services by 100.1% during the first quarter. KCG Holdings Inc. now owns 22,679 shares of the financial services provider’s stock worth $1,551,000 after buying an additional 11,345 shares during the period. Finally, HighVista Strategies LLC boosted its stake in Discover Financial Services by 15.4% during the first quarter. HighVista Strategies LLC now owns 15,700 shares of the financial services provider’s stock worth $1,074,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 86.40% of the company’s stock.

In other news, EVP Kathryn Mcnamara Corley sold 4,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $59.63, for a total value of $238,520.00. Following the completion of the sale, the executive vice president now directly owns 150,744 shares in the company, valued at $8,988,864.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Nelms sold 30,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $66.80, for a total transaction of $2,004,000.00. The disclosure for this sale can be found here. Insiders sold 172,277 shares of company stock valued at $11,020,650 over the last quarter. Company insiders own 0.96% of the company’s stock.

Discover Financial Services declared that its board has approved a stock buyback plan on Tuesday, July 25th that allows the company to repurchase $2.75 billion in shares. This repurchase authorization allows the financial services provider to buy up to 11.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Tuesday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is 24.10%.

Discover Financial Services Company Profile

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.

Earnings History and Estimates for Discover Financial Services (NYSE:DFS)

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