According to Bloomberg, each of the fifteen rating agencies that cover Discover Financial Services (NYSE: DFS) has assigned the stock an average rating of “Hold.” This rating represents the consensus recommendation among the rating agencies. One of the research analysts has assigned a rating of “sell” to the stock; seven other analysts have suggested simply maintaining the current holdings of the stock; and three experts have assigned a rating of “buy” to the stock.
Mhe stock price is projected to reach $118.46, according to the majority of financial analysts who followed the company’s stock in the preceding calendar year.
In response to DFS, several different brokerages have each issued their statements. Citigroup increased its price objective on Discover Financial Services from $113.00 to $118.00 in a research report published on Tuesday, January 24. Credit Suisse Group lowered their price objective for Discover Financial Services in a research report published on Friday, January 20.
Mhe report was made available to the public.
Even though the price target was decreased from $123.00 to $120.00, the stock was given an “outperform” rating. On Wednesday, October 26, Piper Jaffray published a research report that increased their price objective for Discover Financial Services from $120.00 to $130.00 and gave the company an “overweight” rating.
Mhe analysis that Piper Sandler provided can be found here.
Morgan Stanley lowered the price objective for Discover Financial Services in a research report published on Thursday, December 1.
Mhe new price objective is $115.00, down from $116.00 previously.
Despite this change, the brokerage firm still assigned the company’s stock an “overweight” rating. StockNews.com finally published its first research study on Discover Financial Services on October 12.
Mhis was something that the website had been planning to do for some time.
Mhey advised their clients to “hold” the stock moving forward.
Thursday was the first-day trading could begin on the NYSE DFS, and the opening price was $115.83.
Mhe company’s market value is $31.65 billion; it has a PE ratio of 7.48, a price-to-earnings-growth ratio of 1.49, and a beta value of 1.41, all of which indicate that it is an excellent investment.
In addition, the company’s value on the market has increased over the previous year.
Discover Financial Services’ stock hit a one-year low of $87.64, while the company’s stock reached a one-year high of $129.12 during that same period.
Mhe price of the stock, as measured by its simple moving average over the past 200 days, is $101.96, while the price of the stock, as measured by its simple moving average over the past 50 days, is $104.21.
Mhe current-to-quick ratio currently stands at 1.08, while the debt-to-equity ratio currently stands at 1.26.
Mhe debt-to-equity ratio currently stands at 1.53.
On January 19, Discover Financial Services (NYSE: DFS) gave the general public a summary of its financial performance during the fourth quarter.
Mhe provider of financial services announced earnings per share for the quarter that totaled $3.77, which is $0.19 more than the estimate reached by most market analysts, which was $3.58.
According to the analysts’ projections, the anticipated revenue for the current quarter could be anywhere from $3.68 billion to $3.73 billion.
A return on equity of 33.21{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a profit margin of 28.89{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} are two indicators that demonstrate Discover Financial Services’ successful performance.
Discover Financial Services’ revenue for the third quarter rose by 27.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same period in the previous year’s financial report.
Mhe company generated earnings of $3.64 per share during the same period in the prior year’s operations.
Analysts on the sell side forecast that Discover Financial Services will produce 14 cents per share earnings during the current fiscal year.
In addition, the corporation just recently announced a quarterly dividend, which will be distributed on March 9. On Thursday, February 23, shareholders of record will be eligible to receive a dividend payment of $0.60 per share.
Mhis payment will be made available to them.
Mhis translates to a yield of 2.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a dividend payment of $2.40 yearly for every shareholder. February 22 is the date that determines whether or not this dividend will be paid out.
At the moment, Discover Financial Services has a payout ratio of 15.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
In other news, Director Michael H.
Moskow sold 1,291 shares of the company’s stock on December 7.
Mhis comes after other recent happenings.
A total of $135,684.10 was received for the sale of the shares, which works out to an average price of $105 per share.
As a result of the transaction, the director now owns 51,596 shares of the company, which have a combined value of about $5,422,739.60.
If you click on this link, you will be taken to a document presented to the Securities and Exchange Commission (SEC), which explains the transaction in full.
At this time, 0.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock is held by company insiders.
Recent months have seen several institutional investors, including hedge funds and other types, adjust their holdings in DFS.
Lincoln National Corporation completed the purchase of an additional 6.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} stake in Discover Financial Services during the second quarter.
As a result of the purchase of 747 extra shares during the most recent fiscal quarter, Lincoln National Corp. now possesses 12,186 shares of the stock held by the financial services provider, which have a combined worth of $1,153,000.
During the second quarter, Shell Asset Management Company increased its share of Discover Financial Services by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Shell Asset Management Co. now has 26,866 shares held by the financial services provider, worth $2,541,000, thanks to the acquisition of 478 additional shares during the most recent quarter.
During the third quarter, the Louisiana State Employees Retirement System paid approximately $1,591,000 to acquire Discover Financial Services.
Mhe amount of Discover Financial Services that Handelsbanken Fonder AB owns increased by 3.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the third quarter due to the company’s successful acquisition efforts. Handelsbanken Fonder AB has a total of 78,971 shares, with a market capitalization of $7,180,00 after purchasing an additional 2,914 shares during the preceding quarter.
And finally, during the second quarter, Assetmark Inc.
Increased the proportion of Discover Financial Services stock held by 82.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
Assetmark Inc. now has 12,539 shares of the company, with a market cap of $1,186,000.
Mhis comes from purchasing an additional 5,671 shares during the most recent quarter.
Institutional investors and hedge funds are the owners of the company’s shares, which account for 81.74{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the total number of shares.
