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Discover Financial Services (NYSE:DFS) Q4 2016 Sentiment Report

19 May 2017

Royal Bank of Canada restated a "buy" rating and issued a $82.00 price target on shares of Discover Financial Services in a research note on Tuesday. Woodmont Investment Counsel Ltd Com owns 0.08% invested in Discover Financial Services (NYSE:DFS) for 3,871 shares. Keefe, Bruyette & Woods reiterated a buy rating and issued a $84.00 price target on shares of Discover Financial Services in a research report on Monday, April 10th. The stock of Discover Financial Services (NYSE:DFS) has "Top Pick" rating given on Monday, October 19 by RBC Capital Markets. Synovus Financial Corp now owns 5,404 shares of the financial services provider's stock valued at $307,000 after buying an additional 4,007 shares during the period.

Among 12 analysts covering Invesco (NYSE:IVZ), 8 have Buy rating, 0 Sell and 4 Hold. They now have a $71.00 price target on the stock, up previously from $87.00. Discover Financial Services has a 52 week low of $50.32 and a 52 week high of $74.33. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 10.34 and a beta of 1.42. "The second line, the "%D" line is simple a 3-day moving average of the "%K" line. On average, analysts forecast that Discover Financial Services will post $6.02 earnings per share for the current year.

Discover Financial Services (DFS) reported earning per shares for the quarter ending April 25 AMC at 1.43, whereas, 26 number of analysts estimated the mean EPS at 1.48. Discover Financial Services had a net margin of 22.54% and a return on equity of 21.66%. The firm's quarterly revenue was up 5.2% compared to the same quarter past year.

DFS has a 1-year high price of $ 73.64 and 1-year low price of $49.32. On average, analysts anticipate that Discover Financial Services will post $6.02 EPS for the current fiscal year.

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ILLEGAL ACTIVITY NOTICE: This article was first published by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was illegally copied and reposted in violation of US and worldwide copyright and trademark legislation. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/05/19/discover-financial-services-dfs-position-raised-by-pictet-asset-management-ltd.html. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. However the six-month change in the insider ownership was recorded -10.12%, as well as three-month change in the institutional ownership was recorded -0.94%.

On 4/14/2016 Discover Financial Services announced a quarterly dividend of $0.28 with an ex dividend date of 5/3/2016 which will be payable on 5/19/2016. This represents a $1.20 annualized dividend and a yield of 1.99%.

On 1/14/2016 Discover Financial Services announced a quarterly dividend of $0.28 with an ex dividend date of 2/2/2016 which will be payable on 2/18/2016. BlackRock Inc. increased its stake in shares of Discover Financial Services by 3,280.4% in the first quarter.

On the other hand the company has Relative Strength Index (RSI 14) of 30.64 along with Average True Range (ATR 14) of 1.12, Consequently Discover Financial Services (NYSE:DFS)'s weekly and monthly volatility is 1.62%, 1.77% respectively. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David W. Nelms sold 30,000 shares of the company's stock in a transaction that occurred on Monday, May 1st.

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On 5/1/2017 Julie A Loeger, EVP, sold 5,000 with an average share price of $62.54 per share and the total transaction amounting to $312,700.00. Orrstown Financial Services Inc. now owns 1,716 shares of the financial services provider's stock valued at $117,000 after buying an additional 671 shares during the last quarter. The disclosure for this sale can be found here. The company's revenue for the quarter was up 5.2% compared to the same quarter past year. Insiders own 1.07% of the company's stock.

Several hedge funds have recently bought and sold shares of the company.

Analysts are also projecting an Average Revenue Estimate for Discover Financial Services as $17000 in the Current Quarter.

Investors of this company earned a return of 2.60% on the assets it owns in past twelve month. DA Davidson initiated Discover Financial Services (NYSE:DFS) rating on Wednesday, January 13. Cable Hill Partners LLC boosted its position in shares of Discover Financial Services by 112.1% in the third quarter. Finally, Focused Wealth Management Inc acquired a new position in Discover Financial Services during the fourth quarter valued at approximately $151,000. Fragasso Group Inc. now owns 20,387 shares of the financial services provider's stock valued at $1,152,000 after buying an additional 1,976 shares during the period. These ratios are important while doing valuation of the company or the shares of the company.

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Discover Financial Services is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services.