Discover Financial Services (NYSE:DFS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered their price objective on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Truist Financial assumed coverage on shares of Discover Financial Services in a report on Tuesday, January 7th. They set a “buy” rating and a $233.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the company an “equal weight” rating in a report on Friday, January 3rd. Evercore ISI upped their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $180.57.
Read Our Latest Research Report on DFS
Discover Financial Services Stock Up 0.3 %
Discover Financial Services (NYSE:DFS – Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $1.98. Discover Financial Services had a net margin of 17.29% and a return on equity of 27.52%. As a group, equities research analysts forecast that Discover Financial Services will post 12.82 earnings per share for the current year.
Institutional Trading of Discover Financial Services
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its position in Discover Financial Services by 58.8% in the second quarter. Sei Investments Co. now owns 92,474 shares of the financial services provider’s stock valued at $12,096,000 after purchasing an additional 34,226 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Discover Financial Services by 61.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,070 shares of the financial services provider’s stock valued at $6,288,000 after buying an additional 18,215 shares during the period. AXA S.A. lifted its stake in Discover Financial Services by 141.5% during the 2nd quarter. AXA S.A. now owns 6,064 shares of the financial services provider’s stock worth $793,000 after acquiring an additional 3,553 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Discover Financial Services by 0.7% during the 2nd quarter. AQR Capital Management LLC now owns 171,921 shares of the financial services provider’s stock valued at $21,867,000 after acquiring an additional 1,165 shares during the period. Finally, MBB Public Markets I LLC grew its holdings in shares of Discover Financial Services by 588.8% in the second quarter. MBB Public Markets I LLC now owns 17,818 shares of the financial services provider’s stock valued at $2,331,000 after purchasing an additional 15,231 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.
Discover Financial Services Company Profile
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.
Recommended Stories
- Five stocks we like better than Discover Financial Services
- How to Find Undervalued Stocks
- Bloom Energy: Powering the Future With Decentralized Energy
- 10 Best Airline Stocks to Buy
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- Quiet Period Expirations Explained
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.