Discover Financial Services (DFS) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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.

14 analysts have issued 1 year target prices for Discover Financial Services' stock. Their DFS share price forecasts range from $99.00 to $135.00. On average, they anticipate the company's stock price to reach $113.13 in the next twelve months. This suggests a possible upside of 32.7% 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 on January 1st, 2023. Since then, DFS shares have decreased by 12.9% and is now trading at $85.25.
View the best growth stocks for 2023 here.

Discover Financial Services saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,350,000 shares, an increase of 13.6% from the August 31st total of 3,830,000 shares. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.8% of the company's shares are sold short.
View Discover Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our DFS earnings forecast.

Discover Financial Services (NYSE:DFS) announced its quarterly earnings data on Thursday, July, 20th. The financial services provider reported $3.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.70 by $0.16. The financial services provider earned $3.88 billion during the quarter, compared to the consensus estimate of $3.88 billion. Discover Financial Services had a net margin of 21.51% and a trailing twelve-month return on equity of 29.65%. Discover Financial Services's quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $3.96 EPS.
Read the conference call transcript.

Discover Financial Services declared a quarterly dividend on Wednesday, July 19th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.70 per share on Thursday, September 7th. This represents a $2.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, August 23rd.
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 (NYSE:DFS) pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.20%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 21.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DFS.

Discover Financial Services announced that its Board of Directors has authorized a share buyback plan 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 buy up to 9.8% of its stock through open market purchases. Stock buyback plans are typically 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DFS."

Discover Financial Services' stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital World Investors (8.45%), BlackRock Inc. (7.22%), State Street Corp (4.26%), Boston Partners (2.20%), Geode Capital Management LLC (2.18%) and Capital Research Global Investors (1.70%). 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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One share of DFS stock can currently be purchased for approximately $85.25.

Discover Financial Services (NYSE:DFS) has a market capitalization of $21.31 billion and generates $15.20 billion in revenue each year. The financial services provider earns $4.39 billion in net income (profit) each year or $14.43 on an earnings per share basis.

The company employs 20,200 workers across the globe.

Discover Financial Services' mailing address is 2500 Lake Cook Road, Riverwoods IL, 60015. The official website for the company is www.discover.com. The financial services provider can be reached via phone at (224) 405-0900, via email at investorrelations@discover.com, or via fax at 224-405-4993.