Discover Financial Services (NYSE:DFS) – Equities research analysts at Jefferies Group boosted their Q4 2017 earnings estimates for Discover Financial Services in a research report issued on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will post earnings per share of $1.52 for the quarter, up from their previous estimate of $1.46. Jefferies Group has a “Buy” rating and a $91.00 price target on the stock. Jefferies Group also issued estimates for Discover Financial Services’ Q2 2018 earnings at $1.81 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $2.02 EPS and FY2018 earnings at $7.63 EPS.

DFS has been the subject of several other research reports. ValuEngine downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Wells Fargo & Co initiated coverage on shares of Discover Financial Services in a research report on Tuesday, October 10th. They issued a “market perform” rating and a $69.00 price target for the company. Bank of America upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Monday, December 18th. Deutsche Bank initiated coverage on shares of Discover Financial Services in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $92.00 price target for the company. Finally, Buckingham Research initiated coverage on shares of Discover Financial Services in a research report on Monday, October 2nd. They issued a “buy” rating and a $74.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the stock. Discover Financial Services currently has an average rating of “Buy” and an average target price of $80.67.

Shares of Discover Financial Services (NYSE DFS) opened at $80.36 on Friday. Discover Financial Services has a 12-month low of $57.50 and a 12-month high of $80.38. The company has a market cap of $29,200.00, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.80 and a beta of 1.52. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55.

A number of institutional investors and hedge funds have recently made changes to their positions in DFS. LVM Capital Management Ltd. MI grew its stake in shares of Discover Financial Services by 6.4% during the 4th quarter. LVM Capital Management Ltd. MI now owns 94,437 shares of the financial services provider’s stock worth $7,264,000 after purchasing an additional 5,710 shares during the period. Arbor Investment Advisors LLC acquired a new position in shares of Discover Financial Services during the 4th quarter worth $203,000. DnB Asset Management AS grew its stake in shares of Discover Financial Services by 1.7% during the 4th quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock worth $3,132,000 after purchasing an additional 700 shares during the period. Polianta Ltd acquired a new position in shares of Discover Financial Services during the 4th quarter worth $1,423,000. Finally, Aurora Investment Counsel acquired a new position in shares of Discover Financial Services during the 4th quarter worth $2,761,000. 84.77% of the stock is currently owned by institutional investors.

In other Discover Financial Services news, CFO R. Mark Graf sold 16,503 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $66.67, for a total value of $1,100,255.01. Following the transaction, the chief financial officer now directly owns 82,402 shares of the company’s stock, valued at approximately $5,493,741.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction on 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 a total of 179,277 shares of company stock worth $12,673,925 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

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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.

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

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