Discover Financial Services (DFS) Earns Sell Rating from Analysts at UBS

UBS assumed coverage on shares of Discover Financial Services (NYSE:DFS) in a research note issued to investors on Tuesday, www.benzinga.com reports. The brokerage issued a sell rating and a $70.00 price objective on the financial services provider’s stock.

A number of other research firms also recently issued reports on DFS. Barclays set a $95.00 target price on Discover Financial Services and gave the company a buy rating in a research report on Friday, January 12th. Morgan Stanley lifted their target price on Discover Financial Services from $91.00 to $93.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Instinet lowered their target price on Discover Financial Services from $96.00 to $94.00 and set a buy rating on the stock in a research report on Thursday, January 25th. Argus raised Discover Financial Services from an average rating to a buy rating and set a $90.00 target price on the stock in a research report on Friday, January 26th. Finally, Jefferies Group reaffirmed a buy rating and issued a $91.00 target price on shares of Discover Financial Services in a research report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $85.17.

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NYSE:DFS opened at $71.93 on Tuesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $25,517.66, a P/E ratio of 12.03, a P/E/G ratio of 1.06 and a beta of 1.49. Discover Financial Services has a 52-week low of $57.50 and a 52-week high of $81.93.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $1.85 billion. Discover Financial Services had a return on equity of 21.49% and a net margin of 17.95%. analysts anticipate that Discover Financial Services will post 7.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, February 21st. Discover Financial Services’s dividend payout ratio is presently 23.41%.

In other news, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $76.78, for a total transaction of $1,171,509.24. Following the completion of the sale, the chief operating officer now owns 723,666 shares in the company, valued at $55,563,075.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Edward W. Mcgrogan sold 2,435 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $81.63, for a total value of $198,769.05. Following the sale, the senior vice president now owns 12,033 shares of the company’s stock, valued at approximately $982,253.79. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 29,000 shares of company stock valued at $8,670 and have sold 242,674 shares valued at $19,140,541. Insiders own 0.81% of the company’s stock.

Large investors have recently modified their holdings of the company. Grove Bank & Trust boosted its holdings in shares of Discover Financial Services by 2,483.3% during the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 1,490 shares during the period. Americafirst Capital Management LLC bought a new stake in shares of Discover Financial Services during the third quarter worth approximately $140,000. Focused Wealth Management Inc bought a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $177,000. Arbor Investment Advisors LLC bought a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $203,000. Finally, Equity Investment Corp bought a new stake in shares of Discover Financial Services during the fourth quarter worth approximately $205,000. Institutional investors own 86.37% of the company’s stock.

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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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