Discover Financial Services (NYSE:DFS) hit a new 52-week high on Monday . The stock traded as high as $58.55 and last traded at $57.92, with a volume of 906,696 shares traded. The stock had previously closed at $58.17.

A number of research analysts have weighed in on DFS shares. Jefferies Group reiterated a “buy” rating on shares of Discover Financial Services in a research report on Friday, August 12th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $75.00 price objective on shares of Discover Financial Services in a research report on Friday, July 22nd. Evercore ISI reiterated a “buy” rating and set a $59.00 price objective on shares of Discover Financial Services in a research report on Friday, July 22nd. RBC Capital Markets reiterated a “top pick” rating and set a $73.00 price objective (up previously from $68.00) on shares of Discover Financial Services in a research report on Wednesday, July 20th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $63.00 price objective on shares of Discover Financial Services in a research report on Wednesday, July 20th. Five equities 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 stock. Discover Financial Services has a consensus rating of “Buy” and an average price target of $63.62.

The firm has a market cap of $23.41 billion and a P/E ratio of 10.90. The firm has a 50-day moving average of $56.09 and a 200 day moving average of $52.82.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th will be given a $0.30 dividend. 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, Director Mary K. Bush sold 2,229 shares of Discover Financial Services stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $56.98, for a total value of $127,008.42. Following the completion of the transaction, the director now owns 54,425 shares in the company, valued at approximately $3,101,136.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Nelms sold 15,000 shares of Discover Financial Services 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 completion of the transaction, the chief executive officer now owns 1,787,014 shares of the company’s stock, valued at approximately $100,001,303.44. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of 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 last quarter. US Bancorp DE boosted its position in shares of Discover Financial Services by 8.4% in the fourth quarter. US Bancorp DE now owns 272,217 shares of the financial services provider’s stock valued at $14,597,000 after buying an additional 21,177 shares during the last quarter. I.G. Investment Management LTD. boosted its position in shares of Discover Financial Services by 425.1% in the fourth quarter. I.G. Investment Management LTD. now owns 1,895,640 shares of the financial services provider’s stock valued at $101,644,000 after buying an additional 1,534,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Discover Financial Services by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,451,440 shares of the financial services provider’s stock valued at $77,831,000 after buying an additional 59,953 shares during the last quarter.

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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