NYSE:DFS - Discover Financial Services Stock Price, Forecast & News

Discover Financial Services' stock was trading at $53.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DFS stock has decreased by 27.8% and is now trading at $38.41. View which stocks have been mosted impacted by Coronavirus.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 1 sell rating, 8 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Discover Financial Services.

Discover Financial Services is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Discover Financial Services.

Discover Financial Services (NYSE:DFS) announced its quarterly earnings results on Thursday, January, 23rd. The financial services provider reported $2.25 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.24 by $0.01. The financial services provider had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.94 billion. Discover Financial Services had a net margin of 20.94% and a return on equity of 26.59%. Discover Financial Services's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.03 earnings per share. View Discover Financial Services' earnings history.

Discover Financial Services declared a quarterly dividend on Tuesday, January 21st. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.44 per share on Thursday, March 5th. This represents a $1.76 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Wednesday, February 19th. View Discover Financial Services' dividend history.

Discover Financial Services announced that its board has initiated a share buyback program on Thursday, July 19th 2018, which authorizes the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

19 analysts have issued twelve-month price targets for Discover Financial Services' shares. Their forecasts range from $32.00 to $96.00. On average, they expect Discover Financial Services' share price to reach $80.56 in the next year. This suggests a possible upside of 109.7% from the stock's current price. View analysts' price targets for Discover Financial Services.

News headlines about DFS stock have trended somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Discover Financial Services earned a news impact score of 0.8 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company's share price in the next few days. View the latest news aboutDiscover Financial Services.

Discover Financial Services saw a increase in short interest in March. As of March 13th, there was short interest totaling 5,598,200 shares, an increase of 6.2% from the February 27th total of 5,270,000 shares. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.8% of the company's stock are short sold. View Discover Financial Services' Current Options Chain.

Some companies that are related to Discover Financial Services include American Express (AXP), Capital One Financial (COF), Credit Acceptance (CACC), SLM (SLM), FirstCash (FCFS), Nelnet (NNI), Green Dot (GDOT), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI).

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

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 institutional and retail investors. Top institutional investors include Capital World Investors (7.56%), State Street Corp (4.44%), FMR LLC (2.91%), Boston Partners (2.37%), LSV Asset Management (1.77%) and Geode Capital Management LLC (1.65%). Company insiders that own Discover Financial Services stock include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, David W Nelms, Diane E Offereins, Edward W Mcgrogan, Glenn P Schneider, John Greene, Kathryn Mcnamara Corley, Mary K Bush, Michael H Moskow, R Mark Graf, Roger C Hochschild and Wanjiku Juanita Walcott. View institutional ownership trends for Discover Financial Services.

DFS stock was sold by a variety of institutional investors in the last quarter, including Eaton Vance Management, Jacobs Levy Equity Management Inc., Diamond Hill Capital Management Inc., Renaissance Technologies LLC, AJO LP, Victory Capital Management Inc., Mackay Shields LLC, and Man Group plc. Company insiders that have sold Discover Financial Services company stock in the last year include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, Edward W Mcgrogan, Mary K Bush, Michael H Moskow, and R Mark Graf. View insider buying and selling activity for Discover Financial Services.

DFS stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Goldman Sachs Group Inc., Capital World Investors, FMR LLC, AQR Capital Management LLC, Nuveen Asset Management LLC, Geode Capital Management LLC, and M&G Investment Management Ltd.. Company insiders that have bought Discover Financial Services stock in the last two years include John Greene, Roger C Hochschild, and Wanjiku Juanita Walcott. View insider buying and selling activity for Discover Financial Services.

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

One share of DFS stock can currently be purchased for approximately $38.41.

Discover Financial Services has a market capitalization of $11.84 billion and generates $13.99 billion in revenue each year. The financial services provider earns $2.96 billion in net income (profit) each year or $9.08 on an earnings per share basis. Discover Financial Services employs 17,200 workers across the globe. View additional information about Discover Financial Services.

The official website for Discover Financial Services is http://www.discover.com/.

Discover Financial Services' mailing address is 2500 Lake Cook Road, Riverwoods IL, 60015. The financial services provider can be reached via phone at 224-405-0900 or via email at [email protected]