Can analysts adopt a bullish outlook for Discover Financial Services (NYSE:DFS)?

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12 September, 2017

Goodnow Investment Group Llc sold 27,165 shares as the company's stock declined 9.97% while stock markets rallied. Current "market cap" of the company in the stock market is $50.16B. The company's stock had a trading volume of 1,966,894 shares. The shares were sold at an average price of $59.10, for a total value of $1,773,000.00. Principal Financial Group Inc. increased its stake in shares of Discover Financial Services by 492.6% during the 2nd quarter. It has underperformed by 41.10% the S&P500. Wedbush also issued estimates for Discover Financial Services' Q2 2017 earnings at $1.51 EPS, Q4 2017 earnings at $1.47 EPS, Q1 2018 earnings at $1.79 EPS, Q2 2018 earnings at $1.64 EPS, Q3 2018 earnings at $1.80 EPS and Q4 2018 earnings at $1.68 EPS. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and global trademark and copyright legislation. Diamond Hill Capital Management Inc. now owns 3,559,909 shares of the financial services provider's stock worth $221,391,000 after purchasing an additional 3,331,498 shares in the last quarter. First Interstate Bank who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $21.47 billion market cap company. During the previous day stock price stayed within the range of $57.63 and $58.20. During the session shares traded on below-average volume. It has underperformed by 6.28% the S&P500. Deroy Devereaux Private Investment Counsel stated it has 2.12% of its portfolio in Discover Financial Services (NYSE:DFS). More interesting news about Discover Financial Services (NYSE:DFS) was released by: Nasdaq.com and their article: "Ex-Dividend Reminder: Navigators Group, Discover Financial Services and ..." with publication date: August 18, 2017. Therefore 68% are positive. SM Energy had 59 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Outperform" rating by Oppenheimer given on Wednesday, October 21.

Shares of Discover Financial Services (DFS) opened at 58.19 on Tuesday. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $75.00 price target (down from $81.00) on shares of Discover Financial Services in a research note on Thursday, July 6th. The rating was maintained by Jefferies with "Buy" on Thursday, July 27. Credit Suisse maintained Discover Financial Services (NYSE:DFS) rating on Wednesday, July 20. As per Monday, December 14, the company rating was downgraded by Howard Weil.

Several research analysts recently commented on DFS shares. As per Friday, August 7, the company rating was maintained by Citigroup. The firm has "Buy" rating given on Thursday, January 7 by Deutsche Bank.

Investors sentiment increased to 1.34 in Q4 2016. Its down 0.04, from 0.99 in 2016Q3. It is positive, as 51 investors sold DFS shares while 284 reduced holdings. 110 funds opened positions while 209 raised stakes. The financial services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.45 by $0.05. Quantitative Systematic Strategies Limited Com holds 0.37% of its portfolio in Discover Financial Services (NYSE:DFS) for 12,547 shares. Beacon Grp holds 0.07% or 5,022 shares.

During the latest trading session Discover Financial Services (NYSE:DFS) stock went gone down with a prior 52-week high of $74.33. White Pine Inv Communications holds 2.9% or 74,171 shares in its portfolio. Shares for $1.59M were sold by MIZELL STEVEN.

Discover Financial Services (NYSE:DFS), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average.

In related news, CEO David W. Nelms sold 30,000 shares of the firm's stock in a transaction dated Friday, September 1st.

Cortland Associates Inc Mo holds 5.43% of its portfolio in Centene Corp for 473,362 shares. Moreover, Fiera Cap Corporation has 0% invested in Discover Financial Services (NYSE:DFS) for 11,000 shares. Discover Financial Services's payout ratio is 20.76%. Cadence Capital Management Ltd Company reported 15,359 shares. Steinberg Global Asset Mngmt owns 0.13% invested in Discover Financial Services (NYSE:DFS) for 10,521 shares. Finally, Financial Architects Inc increased its holdings in shares of Discover Financial Services by 65.1% during the 2nd quarter. Putnam Fl Mngmt Comm reported 157,354 shares or 1.3% of all its holdings. Its up 0.25, from 0.75 in 2016Q3. It improved, as 10 investors sold Dundee Precious Metals Inc shares while 43 reduced holdings. Ssi Mgmt, California-based fund reported 3,263 shares. Yorktown Management & Research Inc reported 14,000 shares. Peoples Finance reported 0% stake. Douglass Winthrop Advisors Ltd Liability invested 0.69% of its portfolio in SM Energy Co (NYSE:SM). Tower Capital Ltd Liability Company (Trc) reported 0.01% stake. (NYSE:LVS) stock was down -0.43% to $63.12. James Inv Research holds 700 shares. Invesco Limited has invested 0% of its portfolio in Aircastle Limited (NYSE:AYR). Boston Advisors Ltd Liability Com owns 3,825 shares. Us State Bank De holds 1,000 shares or 0% of 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. Rhumbline Advisers stated it has 78,126 shares or 0% of all its holdings. Chevy Chase reported 738,168 shares or 0.28% of all its holdings. It also upped Hancock Hldg Co (NASDAQ:HBHC) stake by 8,389 shares and now owns 367,185 shares.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. "Instead Get Paid To Buy Aircastle Limited Under ..." on June 13, 2017. With 3.48 million avg volume, 4 days are for SM Energy Company (NYSE:SM)'s short sellers to cover SM's short positions. Therefore 15% are positive. Monsanto Company had 53 analyst reports since August 25, 2015 according to SRatingsIntel. The stock decreased 0.74% or $0.43 on September 8, reaching $57.66. Deutsche Bank has "Hold" rating and $18 target. On Friday, February 12 the stock rating was upgraded by FBR Capital to "Outperform". The firm has "Neutral" rating by Susquehanna given on Friday, January 6. The stock has "Overweight" rating by Barclays Capital on Wednesday, November 11. RBC Capital Markets initiated the shares of Monday in report on Thursday, February 23 with "Sector Perform" rating. The rating was downgraded by Bank of America on Monday, September 21 to "Underperform". RBC Capital Markets maintained the shares of SM in report on Thursday, July 20 with "Hold" rating. The company was maintained on Wednesday, November 4 by RBC Capital Markets.


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