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

DFS has been the topic of several recent analyst reports. Goldman Sachs Group Inc. increased their target price on Discover Financial Services from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. Zacks Investment Research upgraded Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. Bank of America Corp. reiterated a “hold” rating and set a $56.00 target price on shares of Discover Financial Services in a research report on Wednesday, April 20th. Sanford C. Bernstein increased their target price on Discover Financial Services from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. Finally, Nomura reiterated a “buy” rating on shares of Discover Financial Services in a research report on Sunday, July 10th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $63.62.

The company has a market cap of $23.37 billion and a price-to-earnings ratio of 10.88. The stock has a 50 day moving average of $55.33 and a 200 day moving average of $52.43.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. On average, analysts forecast 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. Shareholders of record on Thursday, August 4th will be issued a dividend of $0.30 per share. This is a boost from Discover Financial Services’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, August 2nd.

In other news, SVP Edward W. Mcgrogan sold 1,300 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $56.69, for a total value of $73,697.00. Following the transaction, the senior vice president now owns 12,072 shares of the company’s stock, valued at approximately $684,361.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Nelms sold 15,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $55.96, for a total value of $839,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,787,014 shares in the company, valued at approximately $100,001,303.44. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the stock. KBC Group NV increased 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 worth $1,273,000 after buying an additional 1,940 shares during the period. Victory Capital Management Inc. increased 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 worth $1,302,000 after buying an additional 9,713 shares during the period. Suntrust Banks Inc. increased 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 worth $6,219,000 after buying an additional 19,018 shares during the period. Aberdeen Asset Management PLC UK increased 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 worth $7,351,000 after buying an additional 10,378 shares during the period. Finally, Morningstar Investment Services LLC increased 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 worth $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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