Discover Financial Services Stock Price, News & Analysis (NYSE:DFS)

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DFS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DFS, but not buy additional shares or sell existing shares.
View DFS analyst ratings or view top-rated stocks.

15 Wall Street analysts have issued 1-year price targets for Discover Financial Services' shares. Their DFS share price targets range from $93.00 to $135.00. On average, they expect the company's share price to reach $103.56 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts price targets for DFS or view top-rated stocks among Wall Street analysts.

Discover Financial Services' stock was trading at $97.83 at the start of the year. Since then, DFS stock has decreased by 2.3% and is now trading at $95.62.
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Discover Financial Services saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 7,000,000 shares, an increase of 56.3% from the October 31st total of 4,480,000 shares. Based on an average daily volume of 2,180,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.8% of the shares of the stock are short sold.
View Discover Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 17th 2024.
View our DFS earnings forecast.

Discover Financial Services (NYSE:DFS) released its quarterly earnings data on Thursday, October, 19th. The financial services provider reported $2.59 EPS for the quarter, missing the consensus estimate of $3.18 by $0.59. The financial services provider earned $4.04 billion during the quarter, compared to the consensus estimate of $3.95 billion. Discover Financial Services had a trailing twelve-month return on equity of 27.23% and a net margin of 18.39%. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.54 earnings per share.
Read the conference call transcript.

Discover Financial Services declared a quarterly dividend on Wednesday, October 18th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.70 per share on Thursday, December 7th. This represents a $2.80 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Tuesday, November 21st.
Read our dividend analysis for DFS.

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.21%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 20.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 22.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DFS.

ETFs with the largest weight of Discover Financial Services (NYSE:DFS) stock in their portfolio include ETFMG Prime Mobile Payments ETF (IPAY), First Trust Nasdaq Bank ETF (FTXO), Principal Millennial Global Growth ETF (GENY), iShares Focused Value Factor ETF (FOVL), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), BlackRock Future Financial and Technology ETF (BPAY) and VanEck Morningstar SMID Moat ETF (SMOT).

Discover Financial Services announced that its board has initiated a share repurchase program on Wednesday, April 19th 2023, which permits the company to buyback $2,700,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

291 employees have rated Discover Financial Services Chief Executive Officer Roger Hochschild on Glassdoor.com. Roger Hochschild has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Discover Financial Services investors own include AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), CVS Health (CVS), Bank of America (BAC), Cisco Systems (CSCO), Walt Disney (DIS), Verizon Communications (VZ) and Visa (V).

Discover Financial Services' stock is owned by many different retail and institutional investors. Top institutional shareholders include Boston Partners (3.44%), FMR LLC (2.27%), Morgan Stanley (1.76%), Northern Trust Corp (1.03%), Invesco Ltd. (0.89%) and LSV Asset Management (0.77%). Insiders that own company stock include Brian Hughes, Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, John Greene, Mary K Bush, Michael H Moskow, Robert Andrew Eichfeld, Shifra Kolsky and Wanjiku Juanita Walcott.
View institutional ownership trends.

Shares of DFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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