January 11, 2017 - By Linda Rogers · 0 Comments
Discover Financial Services (NYSE:DFS) institutional sentiment decreased to 0.99 in 2016 Q3. Its down -0.01, from 1 in 2016Q2. The ratio turned negative, as 305 institutional investors started new or increased holdings, while 309 reduced and sold stock positions in Discover Financial Services. The institutional investors in our partner’s database now own: 320.05 million shares, down from 327.98 million shares in 2016Q2. Also, the number of institutional investors holding Discover Financial Services in their top 10 holdings was flat from 11 to 11 for the same number . Sold All: 54 Reduced: 255 Increased: 231 New Position: 74.
Discover Financial Services is a direct banking and payment services company. The company has a market cap of $28.46 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 2.43 million 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 EPS, up 24.56% or $0.28 from last year’s $1.14 per share. DFS’s profit will be $563.96M for 12.62 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.”
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 -11.05% below today’s ($71.66) share price. DFS was included in 40 notes of analysts from July 24, 2015. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Deutsche Bank on Thursday, January 7. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by Bank of America on Saturday, September 5. The company was upgraded on Wednesday, December 16 by Argus Research. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, October 21 report. Sterne Agee CRT initiated it with “Buy” rating and $65 target price in Thursday, September 10 report. Oppenheimer maintained it with “Outperform” rating and $73 target price in Tuesday, October 6 report. Macquarie Research downgraded the stock to “Neutral” rating in Wednesday, May 11 report. The rating was maintained by Deutsche Bank with “Hold” on Thursday, February 18. Bank of America downgraded Discover Financial Services (NYSE:DFS) on Thursday, February 11 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, January 13 by DA Davidson.
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 Linda Rogers