Economy

Discover Financial Services (NYSE:DFS) Experiences Lighter than Usual Trading Volume

Discover Financial Services (NYSE:DFS) Experiences Lighter than Usual Trading Volumeā€

During last 3 month period, -0.72% of total institutional ownership has changed in the company shares. About 2.55 million shares traded or 6.25% up from the average. The stock was trading at a distance of -11.25% from its 52-week highs and stands 22.37% away from its 52-week lows. It has underperformed by 6.28% the S&P500. Cantab Capital Partners Llp cut its investment by shedding 9,095 shares a decrease of 50.3% as of 06/30/2017. First Merchants Corp acquired 22,409 shares as People's United Financial Com (PBCT)'s stock declined 12.61%. Us Bankshares De holds 159,830 shares or 0.03% of its portfolio. Discover Financial Services's dividend payout ratio (DPR) is 24.18%. The stock declined 0.05% or $0.01 reaching $18.19 on the news. About 848,884 shares traded. People's United Financial, Inc. Devon Energy Corp (NYSE:DVN) has risen 13.24% since October 6, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Rathbone Brothers Plc decreased Berkshire Hathaway Inc Usd0.0033 Cls B Common Stock (BRKB) stake by 5,437 shares to 155,054 valued at $26.26M in 2017Q2. It also reduced Bhp Billiton Ltd (NYSE:BHP) stake by 300,613 shares and now owns 98,497 shares.

Among 27 analysts covering Discover Financial Services (NYSE:DFS), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 70% are positive. Discover Financial Services had 59 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained Devon Energy Corp (NYSE:DVN) rating on Tuesday, August 29. Jefferies Group LLC reissued a "buy" rating and set a $82.00 price objective on shares of Discover Financial Services in a report on Friday, June 16th. On July 13 Barclays held the stock rating at "Equal-Weight" but raised the price expectation to $70.00 from $43.00. Credit Suisse maintained Discover Financial Services (NYSE:DFS) on Wednesday, July 20 with "Outperform" rating.

Discover Financial Services declared that its board has approved a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $2.23 billion in outstanding shares.

COPYRIGHT VIOLATION WARNING: "Discover Financial Services (DFS) CEO Sells $1,936,500.00 in Stock" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. Discover Financial Services (NYSE:DFS) has risen 10.42% since October 6, 2016 and is uptrending. The rating was maintained by Jefferies on Thursday, September 1 with "Buy".

Investors sentiment increased to 0.91 in Q2 2017. Its down 0.06, from 1.08 in 2017Q1.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The shares have moved 1.97% on the week. The SI to Discover Financial Services's float is 1.33%. Jennison Associates Limited Liability Com has 16,323 shares. State Of Alaska Department Of Revenue has invested 0.02% in Discover Financial Services (NYSE:DFS). Strs Ohio invested 0.32% of its portfolio in Discover Financial Services (NYSE:DFS). The California-based Fdx Advsrs has invested 0.04% in Discover Financial Services (NYSE:DFS). Creative Planning accumulated 24,638 shares. Provise Mgmt Grp Limited Liability Corp has 4,209 shares for 0.04% of their portfolio. Ftb Advsrs Inc invested in 427 shares or 0% of the stock. Bessemer Gp holds 0% or 543 shares in its portfolio. Arizona State Retirement Systems accumulated 34,810 shares. Motco stated it has 312 shares.

Since May 30, 2017, it had 0 buys, and 2 sales for $2.11 million activity.

Investors sentiment decreased to 1.02 in 2017 Q2. Its up 0.57, from 1.13 in 2017Q1. It is positive, as 22 investors sold KNX shares while 41 reduced holdings. 71 funds opened positions while 297 raised stakes. 260.42 million shares or 1.11% more from 257.57 million shares in 2017Q1 were reported. Tower Research Capital (Trc) has 0% invested in People's United Financial, Inc. It also reduced its holding in Micron Technology Inc (Put) (NASDAQ:MU) by 73,500 shares in the quarter, leaving it with 537,500 shares, and cut its stake in Viavi Solutions Inc. Washington Trust Commercial Bank invested 0.07% in People's United Financial, Inc. Its up 12.41% from 4.38 million shares previously. Skylands Cap Ltd Limited Liability Company has 4.22% invested in General Motors Company (NYSE:GM). Sumitomo Mitsui Asset Management Limited holds 0.05% or 46,584 shares in its portfolio. Voloridge Inv holds 0.68% or 439,327 shares in its portfolio. 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 during the last quarter. 616,129 were accumulated by Rothschild Asset Management. Manchester Cap Mgmt Lc invested in 1,320 shares. Janney Montgomery Scott Limited Liability, Pennsylvania-based fund reported 27,978 shares. Columbus Hill Ltd Partnership owns 83,541 shares. (NASDAQ:PBCT) for 163 shares. Ironwood Finance Ltd reported 0% stake. Discover Financial Services had a net margin of 20.91% and a return on equity of 21.28%. Therefore 20% are positive. Frontline Ltd. had 11 analyst reports since November 25, 2015 according to SRatingsIntel. FBR Capital upgraded People's United Financial, Inc. The rating was downgraded by Jefferies on Tuesday, January 17 to "Hold". The stock of People's United Financial, Inc. The rating was reinitiated by Morgan Stanley with "Underweight" on Monday, August 24. Bernstein maintained the shares of DFS in report on Wednesday, April 20 with "Outperform" rating. The company was maintained on Tuesday, October 3 by Piper Jaffray. The firm has "Buy" rating by Bank of America given on Thursday, December 15. Argus Research maintained Devon Energy Corp (NYSE:DVN) on Tuesday, August 23 with "Buy" rating. They now have a Dollars 71 price target on the stock. S&P Mid (IJJ) was reduced too.

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