January 11, 2017 - By Clifton Ray · 0 Comments
Lenox Group Inc (NYSE:DFS) institutional sentiment decreased to 0.99 in Q3 2016. Its down -0.04, from 1.03 in 2016Q2. The ratio worsened, as 306 active investment managers increased or opened new equity positions, while 308 sold and trimmed equity positions in Lenox Group Inc. The active investment managers in our partner’s database now own: 321.39 million shares, down from 333.34 million shares in 2016Q2. Also, the number of active investment managers holding Lenox Group Inc in their top 10 equity positions was flat from 12 to 12 for the same number . Sold All: 51 Reduced: 257 Increased: 233 New Position: 73.
Discover Financial Services is a direct banking and payment services company. The company has a market cap of $28.47 billion. The Firm is a bank holding company, as well as a financial holding company. It has a 13.02 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.
About 2.46M shares traded hands. Discover Financial Services (NYSE:DFS) has risen 25.74% since June 7, 2016 and is uptrending. It has outperformed by 18.31% 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 $563.92 million for 12.62 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.”
Alpenglow Capital Lp holds 5.38% of its portfolio in Discover Financial Services for 120,100 shares. Bruni J V & Co Co owns 411,497 shares or 4.49% of their US portfolio. Moreover, Corbyn Investment Management Inc Md has 4.42% invested in the company for 241,827 shares. The New York-based Md Sass Investors Services Inc has invested 4.42% in the stock. Matterhorn Capital Management Llc, a Texas-based fund reported 106,911 shares.#img1#
Ratings analysis reveals 68% of Discover Financial Services’s analysts are positive. Out of 22 Wall Street analysts rating Discover Financial Services, 15 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $43 while the high is $78. The stock’s average target of $63.74 is -11.09% below today’s ($71.69) share price. DFS was included in 40 notes of analysts from July 24, 2015. The firm has “Neutral” rating by Wedbush given on Tuesday, October 11. The stock has “Outperform” rating given by Wedbush on Wednesday, December 7. The rating was downgraded by Barclays Capital on Wednesday, September 7 to “Equal-Weight”. As per Wednesday, May 11, the company rating was downgraded by Macquarie Research. On Wednesday, October 21 the stock rating was maintained by Oppenheimer with “Outperform”. JP Morgan downgraded Discover Financial Services (NYSE:DFS) rating on Thursday, January 14. JP Morgan has “Neutral” rating and $56.0 price target. The company was maintained on Thursday, July 23 by Stifel Nicolaus. The stock has “Buy” rating given by Bank of America on Thursday, December 15. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, January 28 report. Susquehanna downgraded the shares of DFS in a report on Friday, January 6 to “Neutral” rating.
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 important recent Discover Financial Services (NYSE:DFS) news were published by: Streetinsider.com which released: “Discover Financial Services (DFS), PayPal (PYPL) to Partner” on January 11, 2017, also Reuters.com published article titled: “BRIEF-Discover Financial Services, PayPal sign agreement on payment servic…”, Seekingalpha.com published: “Discover Financial Services: 4 Reasons To Buy The Stock Despite The Recent …” on December 14, 2016. More interesting news about Discover Financial Services (NYSE:DFS) was released by: Businesswire.com and their article: “Discover Financial Services Announces Fourth Quarter 2016 Earnings Release and …” with publication date: December 22, 2016.
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By Clifton Ray