Decreases Holdings in Discover Financial Services (NYSE:DFS)

Insiders sold a total of 157,002 shares of company stock worth $9,580,337 in the last ninety days.

Stock of Discover Financial Services (NYSE:DFS) now have an ABR of 2.00.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 10.30 and a beta of 1.46. The stock decreased 4.88% or $0.7 on September 8, reaching $13.64. About 259,203 shares traded or 1.64% up from the average. NEM has risen 8.89% in the 1-month period. It has underperformed by 1.24% the S&P500. The Company is a bank holding company, as well as a financial holding company. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider's stock worth $166,196,000 after purchasing an additional 2,037,515 shares in the last quarter. Morgan Stanley cut their price target on Discover Financial Services from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday. Advisory Services Network LLC now owns 2,257 shares of the financial services provider's stock valued at $121,000 after buying an additional 391 shares during the last quarter. About 1.97 million shares traded.

Discover Financial Services (DFS) is a direct banking and payment services company. It has underperformed by 6.28% the S&P500.

More important recent Discover Financial Services (NYSE:DFS) news were published by: which released: "Why Is Discover Financial (DFS) Down 7.4% Since the Last Earnings Report?" on August 30, 2017, also published article titled: "Visa, Discover Pare Deals With Extremist Groups After Rally", published: "Discover Financial Services (DFS) Ex-Dividend Date Scheduled for August 22, 2017" on August 21, 2017. Hotchkis & Wiley Capital Management LLC acquired a new position in Discover Financial Services in the second quarter worth about $199,350,000. Therefore 57% are positive. Wedbush raised shares of Discover Financial Services from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $72.00 to $78.00 in a report on Wednesday, December 7th. The rating was upgraded by DZ BANK on Wednesday, October 5 to "Buy". The Company operates through two segments: 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 products and services, 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 of Zalando SE (ETR:ZAL) earned "Buy" rating by Commerzbank on Thursday, June 30. Deroy And Devereaux Private Inv Counsel reported 248,522 shares. The company was downgraded on Wednesday, September 7 by Barclays Capital. The stock of Zalando SE (ETR:ZAL) has "Buy" rating given on Thursday, October 20 by DZ BANK. The firm earned "Buy" rating on Tuesday, July 18 by Jefferies.

Investors sentiment increased to 0.91 in 2016 Q4. Its down 0.04, from 0.99 in 2016Q3.

JPMorgan Chase & Co. reduced its stake in shares of Discover Financial Services (NYSE:DFS) by 43.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. BlackRock Inc. raised its position in Discover Financial Services by 3,280.4% in the first quarter.

Discover Financial Services (NYSE:DFS) plunged -0.74% with the closing price of $57.66. Creative Planning holds 0.01% or 28,527 shares in its portfolio. Tcw Grp owns 29,100 shares. This is an increase from Discover Financial Services's previous quarterly dividend of $0.30. White Pine Inv Communications holds 2.9% or 74,171 shares in its portfolio. The Ulysses Management Llc holds 273,068 shares with $19.69 million value, down from 475,000 last quarter. Royal Bank Of Canada reiterated a "buy" rating and issued a $82.00 price objective on shares of Discover Financial Services in a report on Tuesday, May 16th. AQR Capital Management LLC now owns 3,539,440 shares of the financial services provider's stock worth $242,063,000 after buying an additional 1,062,007 shares during the period. Colony Gp reported 36,450 shares. Steinberg Global Asset Mngmt owns 0.13% invested in Discover Financial Services (NYSE:DFS) for 10,521 shares. Wasatch Advsrs has invested 0.03% of its portfolio in Discover Financial Services (NYSE:DFS). Roberts Glore & Co Il has 0.15% invested in Discover Financial Services (NYSE:DFS).

Eagle Asset Management Inc decreased Discover Financial Services (DFS) stake by 2.7% reported in 2016Q4 SEC filing.

Investors sentiment increased to 1 in 2016 Q4. Its up 0.25, from 0.75 in 2016Q3. 18 funds opened positions while 35 raised stakes. Nomura Asset Mgmt Ltd reported 860 shares. Yorktown Management & Research Inc reported 14,000 shares. South State Corporation stated it has 3,301 shares or 0.03% of all its holdings. It also upped Trex Company Inc (NYSE:TREX) stake by 184,626 shares and now owns 859,563 shares. Ferguson Wellman Cap Mgmt Inc reported 0.74% stake. First Advsr LP stated it has 0.01% in Aircastle Limited (NYSE:AYR). Great West Life Assurance Can invested in 0.13% or 631,281 shares. Renaissance Group Inc Ltd Liability Corp accumulated 16,295 shares. Cambiar Investors Ltd Liability Co reported 1.08M shares. Legal General Plc invested in 147,016 shares. The shares are at this time trading 2.46% more than its SMA 50 and 8.20% top of its SMA 200. "Instead Get Paid To Buy Aircastle Limited Under ..." on June 13, 2017. The business is expected to report its next quarterly earnings report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company's stock. Therefore 15% are positive.

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