Economy

$1.53 EPS Expected for Discover Financial Services (DFS)

The company posted earnings of $2.42 B for the period end, compared to the average forecast of $2.40 B. For the same quarter previous year, company reported $1.47 Earnings Per Share.

Edge Asset Management, Inc expanded its holdings by buying 67,475 shares an increase of 2.7% as of 03/31/2017. Merchants Bancshares now has $346.30M valuation. It has underperformed by 4.16% the S&P500. Perigon Wealth Management, LLC divested its position by shedding 157 shares a decrease of 7.3%. Odey Asset Management Group Ltd acquired 17,500 shares as Discover Finl Svcs (DFS)'s stock declined 15.69%. Perigon Wealth Management LLC now owns 2,146 shares of the financial services provider's stock valued at $147,000 after acquiring an additional 48 shares in the last quarter. Discover Finl Svcs now has $22.42 billion valuation. The stock declined 0.17% or $0.1 reaching $60.39 per share. The stock traded at a volume of 3.44 million shares.

Traders are feeling more bearish on Discover Financial Services recently as evidenced by the rise in short interest. It has underperformed by 6.28% the S&P500. Orrstown Financial Services boosted its holdings in stocks of Discover Financial Services by 16.7% in the 2nd period. Therefore 69% are positive. On Thursday, July 14 the stock rating was maintained by Jefferies with "Hold". RBC Capital Markets maintained the stock with "Top Pick" rating in Thursday, January 28 report. Lastly, Jefferies reiterated a "buy" recommendation and fixed a $82.00 target price on the stock of Discover Financial Services in a study note published on Fri, Jun 16th. The firm has "Buy" rating given on Wednesday, July 19 by UBS. The company presently has an average rating of "Buy" and a consensus target price of $73.95. The stock of Discover Financial Services (NYSE:DFS) earned "Outperform" rating by JMP Securities on Tuesday, December 22. The value of the company's investment in Discover Financial Services went from $1,237,000 to $559,000,000 increasing 45,090.0% quarter over quarter. They now have a Dollars 70 price target on the stock. Oppenheimer maintained Discover Financial Services (NYSE:DFS) rating on Wednesday, July 26. On Monday, September 19 the stock rating was upgraded by Seaport Global Securities to "Buy". Discover Financial Services has a 1-year low of $53.91 and a 1-year high of $74.33.

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.03, from 0.86 in 2016Q3. It improved, as 51 investors sold DFS shares while 284 reduced holdings.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 321.61 million shares or 0.07% more from 321.39 million shares in 2016Q3 were reported. Voloridge Inv Mgmt Ltd Liability Corp invested 0.02% of its portfolio in Discover Financial Services (NYSE:DFS). Denali Advsr Ltd Liability Com holds 1.94% of its portfolio in Discover Financial Services (NYSE:DFS) for 154,983 shares. The original version of this report can be viewed at https://stocknewstimes.com/2017/09/18/discover-financial-services-dfs-shares-sold-by-jpmorgan-chase-co.html. Capstone Asset Com reported 146,251 shares. Morgan Stanley reported 2.89M shares stake. Guardian Capital L P holds 0% of its portfolio in Discover Financial Services (NYSE:DFS) for 3,886 shares. Metropolitan Life Communications holds 0.11% or 203,032 shares. Bailard Inc, a California-based fund reported 97,012 shares.

In terms of performance, shares of Rockwell Automation Inc. Peapack Gladstone invested 0% in Discover Financial Services (NYSE:DFS). Lucus Advisors Llc owns 31,206 shares or 0.37% of their United States portfolio. Short shares increased 543,805 over that timeframe. Shares have risen 11.77% over the trailing 6 months. Fifth Third Bancorp (NASDAQ:FITB) was raised too.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on October, 24. They expect $1.53 EPS, down 1.92% or $0.03 from last year's $1.56 per share. DFS's profit will be $569.79 million for 9.87 P/E if the $1.53 EPS becomes a reality. Janus Capital Management LLC bolstered its investment by buying 1,609,833 shares an increase of 2,683,055.0% in the quarter. Therefore 100% are positive. The firm has "Sell" rating given on Tuesday, August 25 by Zacks. ANAB's SI was 248,700 shares in September as released by FINRA. The Company is a bank holding company, as well as a financial holding company. The company was initiated on Tuesday, October 11 by Wedbush.

Investors sentiment increased to 1.63 in 2016 Q4. Its up 0.12, from 0.79 in 2016Q3. Tong Richard sold 2,000 shares worth $75,300. M&T Comml Bank has 99,197 shares for 0.04% of their portfolio. (NASDAQ:MBVT) or 20,128 shares.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Bnp Paribas Arbitrage reported 58,402 shares. Blackrock Fund Advsrs holds 0% or 192,755 shares in its portfolio. Carderock Cap Management invested 0.5% of its portfolio in Johnson & Johnson (NYSE:JNJ). Diligent Invsts Llc invested in 0.8% or 13,955 shares. Moreover, Clean Yield Group Incorporated has 1% invested in Merchants Bancshares, Inc. Driehaus Cap Mngmt Lc invested 0.02% of its portfolio in Johnson & Johnson (NYSE:JNJ). Finally, BMO Capital Markets reaffirmed a "hold" rating and issued a $70.00 target price on shares of Discover Financial Services in a report on Thursday, June 1st.



Like this

loading...
loading...

Latest


21 September 2017
Ocean's Eight star reveals shocking pay details: 'It cost me money'
Munn is no doubt still trying to find her footing in Hollywood, but claims a recent experience in the movie world turned her sour. With a largely female cast including Sandra Bullock , Rihanna and Cate Blanchett , Ocean's Eight is set for release in June 2018.

21 September 2017
USA has 'many' military options
North Korea has said it needs the capability to strike the USA with a nuclear weapon to deter an American invasion. According to the US and South Korean military, the missile was launched from the Pyongyang area.

21 September 2017
Apple Watch Series 3 Has a Connection Problem
The Verge found out via tests that the cellular connection feature on the Apple (NASDAQ: AAPL) Watch Series 3 sometimes fails. This resulted in an occasional inability to place or receive phone calls and text messages, or access Siri.

21 September 2017
New Tomb Raider trailer debuted
The film was directed by Norwegian filmmaker Roar Uthaug , who previously helmed the thrillers Cold Prey and The Wave . The film will be released in the United Kingdom on 28 March 2018.

21 September 2017
FaceID may come in all 2018 iPhone models, says KGI Securities
He considers the wireless charging ability, "worth it for the freedom", despite charging slower than with a cable. She considers the iPhone 8 a solid choice for those upgrading from a much older device, such as the iPhone 6s .

21 September 2017
Girls' soccer coach risk 15-year jail term over sex
The alleged hookups occurred back in April inside the cozy confines of Moran's home in Dansville (pop.: 555). Following her arraignment, Moran was released from the Ingham County Jail on a $7,500, 10 percent bond.

21 September 2017
Analytical Guide for BioTelemetry, Inc. (BEAT), W&T Offshore, Inc. (WTI) Stakeholders
COPYRIGHT VIOLATION WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. Finally, New York State Common Retirement Fund lifted its position in W&T Offshore by 62.0% during the second quarter.

21 September 2017
IBM Retirement Fund Buys 11391 Shares of Colgate-Palmolive Company (CL)
Over a month, it has seen its stock price volatility to stay at 6.02% while shortening the period to a week, volatility was 5.83%. It is positive, as 53 investors sold CL shares while 472 reduced holdings. 91 funds opened positions while 363 raised stakes.

21 September 2017
JUST IN: Court Strikes Out N1.6bn Fraud Charge Against Diezani
But the former minister prayed the court to strike out the count in the charges which indicted her. Justice Dimgba the adjourned trial of the substantive matter till October 5 and 6, 2017.

21 September 2017
Bay Area cities sue major oil companies over climate change
"Fossil fuel companies were aware of these effects and continued to use profits at expense of residents", explained Parker.