Fintel reports that on July 21, 2023, RBC Capital maintained coverage of Discover Financial Services (NYSE:DFS) with a Outperform recommendation.
Analyst Price Forecast Suggests 14.44% Upside
As of July 6, 2023, the average one-year price target for Discover Financial Services is 120.29. The forecasts range from a low of 102.01 to a high of $139.65. The average price target represents an increase of 14.44% from its latest reported closing price of 105.11.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Discover Financial Services is 14,658MM, an increase of 34.28%. The projected annual non-GAAP EPS is 14.06.
What is the Fund Sentiment?
There are 1760 funds or institutions reporting positions in Discover Financial Services. This is a decrease of 7 owner(s) or 0.40% in the last quarter. Average portfolio weight of all funds dedicated to DFS is 0.24%, a decrease of 3.40%. Total shares owned by institutions decreased in the last three months by 4.30% to 254,064K shares. 
The put/call ratio of DFS is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 21,267K shares representing 8.37% ownership of the company. In it's prior filing, the firm reported owning 18,919K shares, representing an increase of 11.04%. The firm increased its portfolio allocation in DFS by 10.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,101K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 8,292K shares, representing a decrease of 2.36%. The firm decreased its portfolio allocation in DFS by 8.86% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 7,370K shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 6,760K shares, representing an increase of 8.28%. The firm decreased its portfolio allocation in DFS by 2.97% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,229K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 6,316K shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in DFS by 7.59% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 6,118K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 6,363K shares, representing a decrease of 4.01%. The firm decreased its portfolio allocation in DFS by 5.98% over the last quarter.
Discover Financial Services Background Information
(This description is provided by the company.)
Discover Financial Servicesis a digital banking and payment services company with one of the most trusted brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world.
Additional reading:
- ©2023 DISCOVER FINANCIAL SERVICES Exhibit 99.3 2Q23 Financial Results July 19, 2023 The following slides are part of a presentation by Discover Financial Services (the "Company") in connection with reporting quarterly financial results and are intend
- DISCOVER FINANCIAL SERVICES
- DISCOVER FINANCIAL SERVICES REPORTS SECOND QUARTER 2023 NET INCOME OF $901 MILLION OR $3.54 PER DILUTED SHARE BOARD OF DIRECTORS DECLARES SEMI-ANNUAL DIVIDEND FOR PREFERRED STOCK AND QUARTERLY DIVIDEND FOR COMMON STOCK Second Quarter 2023 Results 202
- May 31, 2023 Apr 30, 2023 Mar 31, 2023 Feb 28, 2023 Jan 31, 2023 Dec 31, 2022 Nov 30, 2022 Oct 31, 2022 Sep 30, 2022 Aug 31, 2022 Jul 31, 2022 Jun 30, 2022 Ending Loans $ 92.9 $ 91.3 $ 89.8 $ 89.6 $ 90.0 $ 90.1 $ 87.9 $ 85.4 $ 83.6 $ 82.9 $ 81.0 $ 79
- DISCOVER FINANCIAL SERVICES NAMES DANIELA O’LEARY-GILL TO ITS BOARD OF DIRECTORS
This story originally appeared on Fintel.
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