Shares of Discover Financial Services (NYSE:DFS) reached a new 52-week high during trading on Monday . The company traded as high as $58.17 and last traded at $57.88, with a volume of 835,580 shares. The stock had previously closed at $57.79.

A number of analysts have commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $63.00 target price (up from $61.00) on shares of Discover Financial Services in a research report on Wednesday, May 4th. Wells Fargo & Co. restated a “buy” rating on shares of Discover Financial Services in a research report on Saturday, July 9th. Nomura restated a “buy” rating on shares of Discover Financial Services in a research report on Saturday, July 9th. Evercore ISI restated a “buy” rating and issued a $59.00 price objective on shares of Discover Financial Services in a research report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Discover Financial Services in a research report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Discover Financial Services has an average rating of “Buy” and an average target price of $63.62.

The company has a 50-day moving average price of $55.05 and a 200-day moving average price of $52.24. The stock has a market cap of $23.38 billion and a P/E ratio of 10.88.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. On average, analysts expect that Discover Financial Services will post $5.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 4th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 2nd. This is a positive change from Discover Financial Services’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.08%.

In other Discover Financial Services news, COO Roger C. Hochschild sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $56.74, for a total transaction of $567,400.00. Following the transaction, the chief operating officer now directly owns 855,772 shares in the company, valued at $48,556,503.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO David W. Nelms sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $55.96, for a total value of $839,400.00. Following the transaction, the chief executive officer now owns 1,787,014 shares in the company, valued at $100,001,303.44. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of DFS. KBC Group NV raised its position in Discover Financial Services by 8.9% in the fourth quarter. KBC Group NV now owns 23,741 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 1,940 shares during the period. Victory Capital Management Inc. raised its position in Discover Financial Services by 66.6% in the fourth quarter. Victory Capital Management Inc. now owns 24,291 shares of the financial services provider’s stock valued at $1,302,000 after buying an additional 9,713 shares during the period. Suntrust Banks Inc. raised its position in Discover Financial Services by 19.6% in the fourth quarter. Suntrust Banks Inc. now owns 116,017 shares of the financial services provider’s stock valued at $6,219,000 after buying an additional 19,018 shares during the period. Aberdeen Asset Management PLC UK raised its position in Discover Financial Services by 8.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 131,561 shares of the financial services provider’s stock valued at $7,351,000 after buying an additional 10,378 shares during the period. Finally, Morningstar Investment Services LLC raised its position in Discover Financial Services by 17.8% in the fourth quarter. Morningstar Investment Services LLC now owns 172,257 shares of the financial services provider’s stock valued at $9,236,000 after buying an additional 26,089 shares during the period.

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, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.

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