ValuEngine upgraded shares of Discover Financial Services (NYSE:DFS) from a hold rating to a buy rating in a report published on Friday morning.

DFS has been the topic of a number of other reports. Zacks Investment Research cut shares of Discover Financial Services from a hold rating to a sell rating in a report on Monday, October 23rd. Buckingham Research assumed coverage on shares of Discover Financial Services in a report on Monday, October 2nd. They issued a buy rating and a $74.00 price target on the stock. BMO Capital Markets cut their price target on shares of Discover Financial Services from $69.00 to $67.00 and set a market perform rating on the stock in a report on Wednesday, October 25th. Morgan Stanley dropped their target price on shares of Discover Financial Services from $71.00 to $70.00 and set an overweight rating on the stock in a report on Friday, September 8th. Finally, Nomura dropped their target price on shares of Discover Financial Services from $81.00 to $79.00 and set a buy rating on the stock in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. Discover Financial Services currently has a consensus rating of Hold and a consensus price target of $74.45.

Discover Financial Services (DFS) traded up $0.52 during midday trading on Friday, hitting $71.12. 2,557,963 shares of the stock were exchanged, compared to its average volume of 1,959,036. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $25,654.67, a PE ratio of 12.13, a PEG ratio of 1.86 and a beta of 1.53. Discover Financial Services has a 12-month low of $57.50 and a 12-month high of $74.33.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, November 21st. Discover Financial Services’s payout ratio is 24.05%.

In other Discover Financial Services news, EVP Carlos Minetti sold 8,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.51, for a total transaction of $516,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.87, for a total transaction of $989,786.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,019 shares of company stock valued at $8,099,143. Insiders own 0.96% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. GM Advisory Group Inc. raised its position in shares of Discover Financial Services by 0.3% in the 2nd quarter. GM Advisory Group Inc. now owns 5,304 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 17 shares during the last quarter. South State Corp raised its position in shares of Discover Financial Services by 0.7% in the 2nd quarter. South State Corp now owns 3,457 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 25 shares during the last quarter. Advisor Partners LLC raised its position in shares of Discover Financial Services by 0.4% in the 2nd quarter. Advisor Partners LLC now owns 7,159 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 27 shares during the last quarter. First Bank & Trust raised its position in shares of Discover Financial Services by 1.4% in the 2nd quarter. First Bank & Trust now owns 3,135 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 42 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Discover Financial Services by 0.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,339 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 57 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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