The stock of Discover Financial Services (NYSE:DFS) is a huge mover today! About 1.89M shares traded hands. Discover Financial Services (NYSE:DFS) has risen 25.77% since April 11, 2016 and is uptrending. It has outperformed by 19.62% the S&P500.
The move comes after 8 months positive chart setup for the $26.45B company. It was reported on Nov, 11 by Barchart.com. We have $99.82 PT which if reached, will make NYSE:DFS worth $15.08 billion more.
Discover Financial Services (NYSE:DFS) Ratings Coverage
Out of 21 analysts covering Discover Financial Services (NYSE:DFS), 13 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 62% are positive. Discover Financial Services has been the topic of 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Saturday, September 5 by Bank of America. The rating was upgraded by Bernstein to “Outperform” on Monday, October 5. RBC Capital Markets maintained the shares of DFS in a report on Wednesday, July 20 with “Top Pick” rating. The rating was maintained by RBC Capital Markets on Thursday, January 28 with “Top Pick”. The company was maintained on Wednesday, July 20 by Credit Suisse. On Wednesday, April 20 the stock rating was maintained by Bernstein with “Outperform”. As per Wednesday, October 21, the company rating was maintained by Oppenheimer. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, April 20 report. Macquarie Research downgraded the stock to “Neutral” rating in Wednesday, May 11 report. The company was maintained on Wednesday, May 4 by Deutsche Bank.
According to Zacks Investment Research, “Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network, which serves more than four thousand four hundred financial institutions and includes nearly two lakhs sixty thousand ATMs, as well as POS terminals, nationwide.”
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.18, from 0.85 in 2016Q1. The ratio improved, as 47 funds sold all Discover Financial Services shares owned while 249 reduced positions. 73 funds bought stakes while 233 increased positions. They now own 333.34 million shares or 3.24% less from 344.50 million shares in 2016Q1.
Perkins Invest Mgmt Ltd has invested 0.03% of its portfolio in Discover Financial Services (NYSE:DFS). Archford Cap Strategies Ltd Company holds 0.01% of its portfolio in Discover Financial Services (NYSE:DFS) for 510 shares. Kbc Group Nv holds 81,172 shares or 0.06% of its portfolio. Assetmark Inc holds 0% of its portfolio in Discover Financial Services (NYSE:DFS) for 2,723 shares. Atria Investments Limited holds 0.08% or 13,875 shares in its portfolio. Allianz Asset Ag has 664,237 shares for 0.02% of their US portfolio. Alley Ltd Liability Corp holds 33,836 shares or 0.82% of its portfolio. Alpine Woods Cap Invsts Limited last reported 281,000 shares in the company. The Netherlands-based Delta Lloyd Nv has invested 0.06% in Discover Financial Services (NYSE:DFS). Jag Cap Ltd Limited Liability Company holds 0.4% of its portfolio in Discover Financial Services (NYSE:DFS) for 34,686 shares. Moors Cabot Incorporated owns 4,373 shares or 0.04% of their US portfolio. Marshall Wace Limited Liability Partnership has 0.4% invested in the company for 895,000 shares. The California-based Strategic Glob Advsr Limited Liability has invested 0.5% in Discover Financial Services (NYSE:DFS). Ci Invs, a Ontario – Canada-based fund reported 332,587 shares. Evercore Tru Na has invested 0.3% of its portfolio in Discover Financial Services (NYSE:DFS).
More important recent Discover Financial Services (NYSE:DFS) news were published by: Forbes.com which released: “RSI Alert: Discover Financial Services Now Oversold” on October 13, 2016, also Seekingalpha.com published article titled: “Discover Financial Services (DFS) Q3 2016 Results – Earnings Call Transcript”, Nasdaq.com published: “Ex-Dividend Reminder: Discover Financial Services, Adtran and Franklin Electric” on October 28, 2016. More interesting news about Discover Financial Services (NYSE:DFS) was released by: Seekingalpha.com and their article: “Discover Financial Services: A Well Managed Company With Multiple Growth …” with publication date: October 17, 2016.
DFS Company Profile
Discover Financial Services (DFS), incorporated on July 25, 1960, is a direct banking and payment services company. The Firm is a bank holding company, as well as a financial holding company. The Firm operates through two divisions: Direct Banking and Payment Services. It provides direct banking services and products and payment services through its subsidiaries. It offers its clients credit card loans, private student loans, personal loans, home equity loans and deposit products.
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