Discover Financial Services (DFS) Upgraded at Bank of America

Bank of America upgraded shares of Discover Financial Services (NYSE:DFS) from a neutral rating to a buy rating in a report issued on Monday, December 18th, MarketBeat reports. They currently have $83.00 price target on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on DFS. ValuEngine upgraded shares of Discover Financial Services from a hold rating to a buy rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Discover Financial Services from a hold rating to a sell rating in a research note on Tuesday, September 26th. Buckingham Research started coverage on shares of Discover Financial Services in a research note on Monday, October 2nd. They issued a buy rating and a $74.00 target price on the stock. Barclays set a $73.00 target price on shares of Discover Financial Services and gave the stock a hold rating in a research note on Wednesday, October 25th. Finally, Compass Point downgraded shares of Discover Financial Services from a buy rating to a neutral rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. Discover Financial Services has a consensus rating of Buy and an average price target of $80.76.

Shares of Discover Financial Services (DFS) traded up $0.15 on Monday, reaching $80.51. 2,078,412 shares of the company’s stock were exchanged, compared to its average volume of 2,141,022. The stock has a market capitalization of $29,260.00, a PE ratio of 13.86, a PEG ratio of 1.80 and a beta of 1.52. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.00.

In other Discover Financial Services news, COO Roger C. Hochschild sold 15,258 shares of Discover Financial Services stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.79, for a total value of $1,019,081.82. Following the completion of the transaction, the chief operating officer now directly owns 769,440 shares of the company’s stock, valued at approximately $51,390,897.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn Mcnamara Corley sold 4,000 shares of Discover Financial Services stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $76.81, for a total transaction of $307,240.00. Following the completion of the transaction, the executive vice president now directly owns 134,744 shares of the company’s stock, valued at $10,349,686.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,277 shares of company stock valued at $12,673,925. Corporate insiders own 0.96% of the company’s stock.

Several large investors have recently modified their holdings of the business. GM Advisory Group Inc. grew its stake 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 worth $330,000 after buying an additional 17 shares in the last quarter. South State Corp lifted its holdings 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 worth $215,000 after acquiring an additional 25 shares during the last quarter. M&R Capital Management Inc. lifted its holdings in shares of Discover Financial Services by 1.1% in the 2nd quarter. M&R Capital Management Inc. now owns 6,595 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 70 shares during the last quarter. Mariner Wealth Advisors LLC lifted its holdings in shares of Discover Financial Services by 1.8% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 5,245 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 93 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of Discover Financial Services by 0.5% in the 2nd quarter. Commerce Bank now owns 18,103 shares of the financial services provider’s stock worth $1,126,000 after acquiring an additional 96 shares during the last quarter. 84.77% of the stock is owned by institutional investors and hedge funds.

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Discover Financial Services Company Profile

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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