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.
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.
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.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/03/31/discover-financial-services-dfs-earns-sell-rating-from-analysts-at-ubs.html.
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.
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.