Discover Financial Services Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Discover Financial Services stock.
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13 brokers have issued twelve-month price targets for Discover Financial Services' shares. Their DFS stock forecasts range from $97.00 to $158.00. On average, they anticipate Discover Financial Services' stock price to reach $138.17 in the next twelve months. This suggests a possible upside of 39.3% from the stock's current price.
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Discover Financial Services' stock was trading at $115.56 at the beginning of 2022. Since then, DFS shares have decreased by 14.2% and is now trading at $99.17.
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Discover Financial Services is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Discover Financial Services.

Discover Financial Services (NYSE:DFS) released its quarterly earnings data on Wednesday, April, 27th. The financial services provider reported $4.22 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.64. The financial services provider had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.99 billion. Discover Financial Services had a trailing twelve-month return on equity of 41.57% and a net margin of 38.42%. Discover Financial Services's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.04 earnings per share.
View Discover Financial Services' earnings history.

Discover Financial Services declared a quarterly dividend on Wednesday, April 27th. Investors of record on Thursday, May 26th will be given a dividend of $0.60 per share on Thursday, June 9th. This represents a $2.40 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 25th. This is a positive change from Discover Financial Services's previous quarterly dividend of $0.50.
View Discover Financial Services' dividend history.

Discover Financial Services(NYSE:DFS) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.55%. Discover Financial Services 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 of Discover Financial Services is 14.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Discover Financial Services will have a dividend payout ratio of 16.27% next year. This indicates that Discover Financial Services will be able to sustain or increase its dividend.
View Discover Financial Services' dividend history.

Discover Financial Services declared that its Board of Directors 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 reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

291 employees have rated Discover Financial Services CEO Roger Hochschild on Glassdoor.com. Roger Hochschild has an approval rating of 86% among Discover Financial Services' employees.

Some companies that are related to Discover Financial Services include American Express (AXP), Capital One Financial (COF), Credit Acceptance (CACC), SLM (SLM), Nelnet (NNI), PRA Group (PRAA), Green Dot (GDOT), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM) and Nicholas Financial (NICK).
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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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.66%), BlackRock Inc. (7.46%), Capital International Investors (7.12%), State Street Corp (4.70%), Capital World Investors (3.38%) and Boston Partners (1.58%). Company insiders that own Discover Financial Services stock include Brian Hughes, Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, Edward W Mcgrogan, John Greene, Mary K Bush, Mary K Bush, Michael H Moskow, R Mark Graf, Robert Andrew Eichfeld, Roger C Hochschild, Shifra Kolsky 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 JPMorgan Chase & Co., Ensign Peak Advisors Inc, Acadian Asset Management LLC, Bank of America Corp DE, Arrowstreet Capital Limited Partnership, State Street Corp, Principal Financial Group Inc., and Primecap Management Co. CA. Company insiders that have sold Discover Financial Services company stock in the last two years 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.
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DFS stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Artemis Investment Management LLP, Goldman Sachs Group Inc., Polaris Wealth Advisory Group LLC, BlackRock Inc., Royal Bank of Canada, Dimensional Fund Advisors LP, and Strs Ohio.
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Shares of DFS 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 $99.17.

Discover Financial Services (NYSE:DFS) has a market capitalization of $27.86 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 $16.95 on an earnings per share basis.

Discover Financial Services employs 16,700 workers across the globe.

Discover Financial Services was founded in 1985.

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