Discover Financial Services - DFS Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 9 hold ratings and 3 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.

12 Wall Street analysts have issued 1-year price objectives for Discover Financial Services' stock. Their DFS share price forecasts range from $96.00 to $140.00. On average, they predict the company's stock price to reach $117.33 in the next twelve months. This suggests a possible upside of 25.1% 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 $97.83 on January 1st, 2023. Since then, DFS shares have decreased by 4.1% and is now trading at $93.82.
View the best growth stocks for 2023 here.

Discover Financial Services saw a drop in short interest in February. As of February 28th, there was short interest totaling 4,170,000 shares, a drop of 8.4% from the February 13th total of 4,550,000 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.6% of the shares of the stock are sold short.
View Discover Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our DFS earnings forecast.

Discover Financial Services (NYSE:DFS) released its earnings results on Thursday, January, 19th. The financial services provider reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.19. The financial services provider had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.68 billion. Discover Financial Services had a trailing twelve-month return on equity of 33.88% and a net margin of 28.89%. The business's revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.64 EPS.
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Discover Financial Services announced a quarterly dividend on Wednesday, January 18th. Stockholders of record on Thursday, February 23rd will be paid a dividend of $0.60 per share on Thursday, March 9th. This represents a $2.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, February 22nd.
Read our dividend analysis for DFS.

ETFs with the largest weight of Discover Financial Services (NYSE:DFS) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), ETFMG Prime Mobile Payments ETF (IPAY), Principal Millennial Global Growth ETF (GENY), iShares Focused Value Factor ETF (FOVL), Dividend Performers ETF (IPDP), 2ndVote Life Neutral Plus ETF (LYFE), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and First Trust NASDAQ Rising Dividend Achievers (RDVY).

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.60%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 17.13% 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 has initiated a stock repurchase program on Wednesday, July 21st 2021, which permits the company to buyback $2,400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are 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 Geode Capital Management LLC (2.07%), Macquarie Group Ltd. (1.87%), Morgan Stanley (1.80%), Boston Partners (1.51%), Norges Bank (1.27%) and Arrowstreet Capital Limited Partnership (1.01%). 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, 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 $93.82.

Discover Financial Services (NYSE:DFS) has a market capitalization of $24.57 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 $15.49 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.