November 24, 2016 - By Clifton Ray · 0 Comments
Discover Financial Services (NYSE:DFS) institutional sentiment decreased to 0.99 in Q2 2016. Its down -0.01, from 1 in 2016Q1. The ratio has dropped, as 302 active investment managers opened new and increased stock positions, while 301 reduced and sold stakes in Discover Financial Services. The active investment managers in our partner’s database now own: 327.98 million shares, down from 343.34 million shares in 2016Q1. Also, the number of active investment managers holding Discover Financial Services in their top 10 stock positions increased from 10 to 11 for an increase of 1. Sold All: 51 Reduced: 250 Increased: 230 New Position: 72.
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 2.35 million 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 earnings per share, up 24.56% or $0.28 from last year’s $1.14 per share. DFS’s profit will be $564.42M for 12.02 P/E if the $1.42 EPS becomes a reality. After $1.56 actual earnings per share 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. The stock has “Outperform” rating given by Oppenheimer on Thursday, January 28. The rating was downgraded by Macquarie Research to “Neutral” on Wednesday, May 11. On Tuesday, October 6 the stock rating was maintained by Oppenheimer with “Outperform”. The company was maintained on Wednesday, April 20 by Goldman Sachs. Barclays Capital downgraded the shares of DFS in a report on Wednesday, September 7 to “Equal-Weight” rating. The firm has “Top Pick” rating given on Thursday, January 28 by RBC Capital Markets. On Wednesday, October 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Neutral” rating on Thursday, January 14 by JP Morgan. The firm earned “Buy” rating on Thursday, January 7 by Deutsche Bank. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Wednesday, October 5 by Deutsche Bank.
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 Clifton Ray