Fintel reports that on January 13, 2025, UBS upgraded their outlook for Discover Financial Services (NYSE:DFS) from Neutral to Buy.
Analyst Price Forecast Suggests 0.19% Downside
As of December 23, 2024, the average one-year price target for Discover Financial Services is $175.36/share. The forecasts range from a low of $119.18 to a high of $243.60. The average price target represents a decrease of 0.19% from its latest reported closing price of $175.69 / share.
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The projected annual revenue for Discover Financial Services is 15,442MM, an increase of 31.84%. The projected annual non-GAAP EPS is 14.64.
What is the Fund Sentiment?
There are 1,823 funds or institutions reporting positions in Discover Financial Services. This is an increase of 17 owner(s) or 0.94% in the last quarter. Average portfolio weight of all funds dedicated to DFS is -1.18%, an increase of 520.43%. Total shares owned by institutions decreased in the last three months by 0.36% to 248,472K shares. 
The put/call ratio of DFS is 1.35, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 20,893K shares representing 8.32% ownership of the company. In its prior filing, the firm reported owning 20,256K shares , representing an increase of 3.05%. The firm increased its portfolio allocation in DFS by 5.20% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,970K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 7,898K shares , representing an increase of 0.91%. The firm increased its portfolio allocation in DFS by 1.65% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 7,559K shares representing 3.01% ownership of the company. No change in the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,576K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 6,432K shares , representing an increase of 2.19%. The firm increased its portfolio allocation in DFS by 0.91% over the last quarter.
Geode Capital Management holds 6,075K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 6,091K shares , representing a decrease of 0.27%. The firm decreased its portfolio allocation in DFS by 48.36% 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.
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