Discover Financial Services (DFS)

• Market cap: $47.6B
• 1 day: 1.11%
• 5 days: 6.70%
• 1 month: 8.45%
• 3 months: 29.21%
• 6 months: 35.36%
• Year to date: 8.65%
• 1 year: 89.92%
• 5 years: 126.17%
• 10 years: 211.08%
• Sector: Financials
• Industry: Personal Credit Institutions

About: Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts and personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.

Employees: 21,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

52% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 66

2% more funds holding

Funds holding: 1,012 [Q2] → 1,036 (+24) [Q3]

9% more repeat investments, than reductions

Existing positions increased: 380 | Existing positions reduced: 348

3% more capital invested

Capital invested by funds: $28.6B [Q2] → $29.5B (+$899M) [Q3]

3.53% less ownership

Funds ownership: 87.41% [Q2] → 83.88% (-3.53%) [Q3]

19% less funds holding in top 10

Funds holding in top 10: 27 [Q2] → 22 (-5) [Q3]

28% less call options, than puts

Call options by funds: $273M | Put options by funds: $380M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $146 23% downside
• Avg. target: $198 4% upside
• High target: $239 26% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

JP Morgan Richard Shane 56% 1-year accuracy 37 / 66 met price target	23% downside $146	Neutral Maintained	14 Jan 2025
UBS Erika Najarian 100% 1-year accuracy 14 / 14 met price target	26% upside $239	Buy Upgraded	13 Jan 2025
Truist Securities Brian Foran 86% 1-year accuracy 6 / 7 met price target	23% upside $233	Buy Initiated	7 Jan 2025
Barclays Terry Ma 59% 1-year accuracy 10 / 17 met price target	2% downside $186	Overweight Upgraded	6 Jan 2025
Wells Fargo Donald Fandetti 70% 1-year accuracy 23 / 33 met price target	2% downside $185	Equal-Weight Maintained	3 Jan 2025