Economy

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

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

A number of analysts have commented on the company. Discover Financial Services earned a media sentiment score of 0.07 on Alpha One's scale. As per Thursday, December 15, the company rating was upgraded by Bank of America. Discover Financial Services (DFS) now trades with a market capitalization of $22.86 Billion. DA Davidson initiated Discover Financial Services (NYSE:DFS) on Wednesday, January 13 with "Buy" rating. Discover Financial Services had 43 analyst reports since July 24, 2015 according to SRatingsIntel.

Among 10 analysts covering Cirrus Logic (NASDAQ:CRUS), 8 have Buy rating, 0 Sell and 2 Hold. Discover Financial Services (NYSE:DFS) traded up 0.05% on Friday, reaching $60.27. The stock had a trading volume of 2,623,583 shares.

Whereas they predicted High and Low Earnings Estimate as $1.62 and $1.38 respectively. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 10.34 and a beta of 1.42. Shares are trading -10.41% below their 50-day moving average, and -7.83% below their 200-day moving average.

ILLEGAL ACTIVITY WARNING: "Discover Financial Services (DFS) to Post Q2 2017 Earnings of $1.46 Per Share, William Blair Forecasts" was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. Discover Financial Services had a return on equity of 21.66% and a net margin of 22.54%. The stock's quarterly performance specifies a shift of -14.65%, and its last twelve month performance is stands at 12.76% while moved -5.94% for the past six months. During the same quarter in the previous year, the business posted $1.35 EPS.

Now the shares of Discover Financial Services (DFS) has a trading volume of 4.56 Million shares, with an average trading volume of 4090 shares - with shares dropping to a 52 week low of $49.32, and the company's shares hitting a 52 week high of $ 73.64. The correct version of this story can be read at https://www.thecerbatgem.com/2017/05/19/discover-financial-services-dfs-earns-buy-rating-from-instinet-updated-updated.html. Shareholders of record on Thursday, May 11th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, May 9th. Its price/book multiple of 2.10 compared with the 4.29 while its free cash flow yield of 8.27 should be matched with that of its industry's 56.02.

On 4/20/2017 Discover Financial Services announced a quarterly dividend of $0.30 1.81% with an ex dividend date of 5/9/2017 which will be payable on 5/25/2017. The stock was sold at an average price of $62.18, for a total value of $1,865,400.00. The company's stock had a trading volume of 831,593 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

In other news, CEO David W. Nelms sold 30,000 shares of the stock in a transaction that occurred on Monday, May 1st.

About 1.76M shares traded. The disclosure for this sale can be found here. The stock now has Weekly Volatility of 1.62% and Monthly Volatility of 1.77%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFS.

Strs Ohio decreased Discover Financial (DFS) stake by 14.38% reported in 2016Q4 SEC filing. BlackRock Inc. now owns 30,704,582 shares of the financial services provider's stock valued at $2,099,886,000 after buying an additional 29,796,268 shares in the last quarter. Cable Hill Partners LLC boosted its position in shares of Discover Financial Services by 112.1% in the third quarter. Airain invested 0.03% in Discover Financial Services (NYSE:DFS). Menta Capital Ltd Llc owns 91,324 shares for 0.17% of their portfolio. Discover Financial Services's payout ratio is 20.76%. Stanley Laman Group Ltd. now owns 5,502 shares of the financial services provider's stock valued at $311,000 after buying an additional 921 shares during the period. Dorsey Wright & Associates bought a new stake in Discover Financial Services during the first quarter valued at approximately $1,548,000. Finally, Oppenheimer Holdings Inc. cut their target price on Discover Financial Services from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, April 26th.

More notable recent Discover Financial Services (NYSE:DFS) news were published by: Businesswire.com which released: "Discover Financial Services to Present at Deutsche Bank 7th Annual Global ..." on March 17, 2016, also Nasdaq.com with their article: "Discover Financial Services Becomes Oversold" published on May 16, 2017, Seekingalpha.com published: "Discover Financial Services: Buy The Dip" on May 12, 2017. The rating was maintained by Deutsche Bank with "Hold" on Thursday, February 18. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.


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