November 24, 2016 - By Ellis Scott · 0 Comments
Lenox Group Inc (NYSE:DFS) institutional sentiment decreased to 0.99 in 2016 Q2. Its down -0.04, from 1.03 in 2016Q1. The ratio worsened, as 306 investment managers increased and started new equity positions, while 296 sold and reduced stock positions in Lenox Group Inc. The investment managers in our partner’s database now hold: 333.34 million shares, down from 344.50 million shares in 2016Q1. Also, the number of investment managers holding Lenox Group Inc in their top 10 equity positions increased from 10 to 12 for an increase of 2. Sold All: 47 Reduced: 249 Increased: 233 New Position: 73.
Discover Financial Services is a direct banking and payment services company. The company has a market cap of $27.14 billion. The Firm is a bank holding company, as well as a financial holding company. It has a 12.4 P/E ratio. The Firm operates through two divisions: Direct Banking, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking services and products, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.
The stock increased 1.67% or $1.12 on November 23, hitting $68.28. About 2.35M shares traded hands. Discover Financial Services (NYSE:DFS) has risen 20.83% since April 22, 2016 and is uptrending. It has outperformed by 15.42% the S&P500.
Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 25. They expect $1.42 EPS, up 24.56% or $0.28 from last year’s $1.14 per share. DFS’s profit will be $564.42 million for 12.02 P/E if the $1.42 EPS becomes a reality. After $1.56 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts -8.97% negative EPS growth.
According to Zacks Investment Research, “Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network, which serves more than four thousand four hundred financial institutions and includes nearly two lakhs sixty thousand ATMs, as well as POS terminals, nationwide.”
Sage Financial Group Inc holds 13.69% of its portfolio in Discover Financial Services for 959,043 shares. Seawolf Capital Llc owns 129,700 shares or 5.42% of their US portfolio. Moreover, Bruni J V & Co Co has 4.35% invested in the company for 411,329 shares. The Maryland-based Corbyn Investment Management Inc Md has invested 4.25% in the stock. Md Sass Investors Services Inc, a New York-based fund reported 1.50 million shares.#img1#
Ratings analysis reveals 62% of Discover Financial Services’s analysts are positive. Out of 21 Wall Street analysts rating Discover Financial Services, 13 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $43 while the high is $75. The stock’s average target of $62.95 is -7.81% below today’s ($68.28) share price. DFS was included in 37 notes of analysts from July 24, 2015. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, October 5 report. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Deutsche Bank on Thursday, January 7. The firm has “Outperform” rating by Oppenheimer given on Thursday, January 28. As per Thursday, February 18, the company rating was maintained by Deutsche Bank. JP Morgan downgraded the shares of DFS in a report on Thursday, January 14 to “Neutral” rating. The company was maintained on Tuesday, October 6 by Oppenheimer. The rating was downgraded by Bank of America on Thursday, February 11 to “Neutral”. The firm has “Hold” rating given on Tuesday, December 22 by Evercore. Argus Research upgraded it to “Buy” rating and $60 target price in Wednesday, December 16 report. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Deutsche Bank on Wednesday, May 4.
Discover Financial Services (DFS), incorporated on July 25, 1960, is a direct banking and payment services company. The Firm is a bank holding company, as well as a financial holding company. The Firm operates through two divisions: Direct Banking and Payment Services. It provides direct banking services and products and payment services through its subsidiaries. It offers its clients credit card loans, private student loans, personal loans, home equity loans and deposit products.
More recent Discover Financial Services (NYSE:DFS) news were published by: Seekingalpha.com which released: “Discover Financial Services (DFS) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: Discover Financial Services, Adtran and Franklin Electric” on October 28, 2016. Businesswire.com‘s news article titled: “Discover Financial Services to Present at J.P. Morgan FinTech & Specialty …” with publication date: November 14, 2016 was also an interesting one.
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By Ellis Scott