Economy

Technical Charts and Signs for Discover Financial Services (DFS)

Looking further out, over the past twelve months, Discover Financial Services's stock was 15.10% and 3.68% over the last quarter and -5.72% for the past six months. Illinois-based Peak6 L P has invested 0.02% in Discover Financial Services (NYSE:DFS). Corporate insiders own 0.96% of the company's stock.

Discover Financial Services announced that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that allows the company to repurchase $2.23 billion in shares. After $1.40 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 9.29 % EPS growth.

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women's apparel and accessories and men's apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Firm operates through three divisions: retail, wholesale and licensing. The Retail activities consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas, Europe and Asia, as well as e-commerce. Out of 7 Wall Street analysts rating Michael Kors, 0 give it "Buy", 1 "Sell" rating, while 6 recommend "Hold". The lowest target is $38.0 while the high is $45.0. The stock presently has an average rating of "Buy" and an average target price of $73.95. Sasol Limited (ADR) (NYSE:SSL) has risen 6.49% since October 1, 2016 and is uptrending. The firm has "Neutral" rating given on Wednesday, May 11 by Macquarie Research. The rating was downgraded by Credit Suisse on Thursday, February 16 to "Neutral". Peoples reported 136 shares. The rating was initiated by First Analysis with "Overweight" on Tuesday, December 1. The rating was initiated by CLSA with "Sell" on Thursday, September 29. Sasol had 10 analyst reports since September 9, 2015 according to SRatingsIntel. They expect $0.83 earnings per share, down 12.63% or $0.12 from last year's $0.95 per share. KORS's profit will be $125.76 million for 14.41 P/E if the $0.83 EPS becomes a reality. The financial services provider reported $1.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.45 by ($0.05). Employees Retirement Association Of Colorado owns 74,723 shares. Flossbach Von Storch Ag owns 11.97 million shares or 4.94% of their United States portfolio. Moreover, Wilsey Asset Management Inc has 4.45% invested in the company for 169,775 shares.

Institutional investors have also been busy with the stock. Sageworth Trust, Pennsylvania-based fund reported 730 shares. The stock closed its day at $0.33. About 2.49 million shares traded or 8.26% up from the average. Michael Kors Holdings Ltd (KORS) has declined 10.54% since October 1, 2016 and is downtrending. It has underperformed by 27.24% the S&P500. Zacks Investment Research lowered shares of Discover Financial Services from a hold rating to a sell rating in a research report on Tuesday. Therefore 100% are positive. Barclays PLC reaffirmed an "equal weight" rating and issued a $70.00 target price (down from $79.00) on shares of Discover Financial Services in a report on Thursday, July 13th. Of the 17 analysts surveyed by Reuters that track INFN 7 of them rate its stock a hold. The ex-dividend date of this dividend was Tuesday, August 22nd. Investors may also be paying close concentration to some simple moving average indicators on shares of Discover Financial Services (DFS). RBC Capital Markets maintained the shares of DFS in report on Thursday, June 29 with "Buy" rating. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 11.12 and a beta of 1.45.

Shares of DFS have increased 4.63% in the past three monthswhile the S&P 500 has gained 0.78% in that time. Its up 0.12, from 0.79 in 2017Q1. 74 funds opened positions while 227 raised stakes. The stock's 50 day moving average price is $68.03 and its 200 day moving average price is $67.07.

In other Discover Financial Services news, COO Roger C. Hochschild sold 10,000 shares of the company's stock in a transaction on Monday, April 3rd. Amp Cap Invsts Ltd has 376,792 shares.

Discover Financial Services (NYSE:DFS) was up +0.47% ($0.3) to $64.36 and showed a volume of 2.39 mln shares. M&T Commercial Bank owns 153,594 shares for 0.06% of their portfolio. Bank of America upgraded the shares of HAWK in report on Friday, July 22 to "Buy" rating. Kentucky Retirement holds 0.11% or 24,372 shares in its portfolio. 4,300 were reported by Quantres Asset Ltd. Wetherby Asset Mngmt has 0.09% invested in Discover Financial Services (NYSE:DFS). V Wealth Management LLC purchased a new stake in Discover Financial Services during the second quarter valued at about $101,000.

A number of brokerages have recently issued reports on DFS.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 3332 shares to its existing stake, bringing total stake held in DFS to 187898 shares. Corporate insiders own 0.96% of the company's stock. It also reduced Macerich Company (NYSE:MAC) stake by 19,700 shares and now owns 35,200 shares.



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