Discover Financial Services stock is trading -21.92% below its average target price of $117.65 after dropping -10.5% during today's afternoon session. Analysts are giving the large-cap Diversified Financial company an average rating of buy and target prices ranging from $99.0 to $137.0 per share.
The stock has an average amount of shares sold short at 2.2%, and a short ratio of 1.97. The company's insiders own 0.74% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 88.5% of Discover Financial Services's shares being owned by this investor type.
Institutions Invested in Discover Financial Services
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-06-30 | Vanguard Group Inc | 13% | 33,106,766 | $3,041,048,370 |
2023-06-30 | Capital World Investors | 8% | 21,119,404 | $1,939,939,682 |
2023-06-30 | Blackrock Inc. | 7% | 18,043,464 | $1,657,396,763 |
2023-03-31 | State Street Corporation | 4% | 10,994,590 | $1,009,916,825 |
2023-06-30 | Boston Partners | 2% | 5,495,131 | $504,759,636 |
2023-06-30 | Geode Capital Management, LLC | 2% | 5,459,028 | $501,443,366 |
2023-06-30 | FMR, LLC | 2% | 5,448,350 | $500,462,530 |
2023-03-31 | Morgan Stanley | 2% | 4,630,130 | $425,304,280 |
2023-06-30 | Capital Research Global Investors | 2% | 4,244,530 | $389,884,685 |
2023-06-30 | Arrowstreet Capital, Limited Partnership | 1% | 3,633,251 | $333,735,165 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Discover Financial Services.