Discover Financial Services - DFS Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 6 hold ratings and 5 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.

11 analysts have issued 1-year target prices for Discover Financial Services' stock. Their DFS share price forecasts range from $97.00 to $140.00. On average, they anticipate the company's share price to reach $118.21 in the next twelve months. This suggests a possible upside of 9.1% 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 $115.56 on January 1st, 2022. Since then, DFS shares have decreased by 6.2% and is now trading at $108.36.
View the best growth stocks for 2022 here.

Discover Financial Services saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 4,070,000 shares, an increase of 26.8% from the October 31st total of 3,210,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.5% of the company's stock are short sold.
View Discover Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our DFS earnings forecast.

Discover Financial Services (NYSE:DFS) released its earnings results on Monday, October, 24th. The financial services provider reported $3.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by $0.12. The financial services provider had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.40 billion. Discover Financial Services had a net margin of 31.90% and a trailing twelve-month return on equity of 34.94%. The company's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.54 earnings per share.
Read the conference call transcript.

Discover Financial Services declared a quarterly dividend on Monday, October 24th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.60 per share on Thursday, December 8th. This represents a $2.40 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 22nd.
Read our dividend analysis for DFS.

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.21%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 16.96% 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 declared that its Board of Directors has initiated a share buyback plan on Wednesday, July 21st 2021, which allows the company to repurchase $2,400,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.95%), BlackRock Inc. (7.36%), State Street Corp (4.30%), Macquarie Group Ltd. (1.77%), Boston Partners (1.50%) and Primecap Management Co. CA (1.08%). Insiders that own company stock include Brian Hughes, Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, John Greene, Mary K Bush, Mary K Bush, Michael H Moskow, Robert Andrew Eichfeld, Roger C Hochschild, 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 $108.36.

Discover Financial Services (NYSE:DFS) has a market capitalization of $29.61 billion and generates $13.22 billion in revenue each year. The financial services provider earns $5.45 billion in net income (profit) each year or $15.36 on an earnings per share basis.

The company employs 16,700 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.