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.



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