Can Discover Financial Services (NYSE:DFS)’s Tomorrow Be Different? The Stock Had Decline in Shorts

May 24, 2018 - By Marie Mckinney

Discover Financial Services (NYSE:DFS) Logo

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.10, from 0.77 in 2017Q3. It is positive, as 51 investors sold Discover Financial Services shares while 266 reduced holdings. 99 funds opened positions while 176 raised stakes. 296.68 million shares or 1.53% less from 301.28 million shares in 2017Q3 were reported.
Jacobs Levy Equity holds 0.24% of its portfolio in Discover Financial Services (NYSE:DFS) for 178,349 shares. Thrivent For Lutherans owns 14,813 shares for 0% of their portfolio. Trust Of Oklahoma has invested 0.1% in Discover Financial Services (NYSE:DFS). The Maryland-based Wms Prns Ltd Company has invested 0.04% in Discover Financial Services (NYSE:DFS). Advisory invested 0.23% in Discover Financial Services (NYSE:DFS). Loring Wolcott Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma owns 12,191 shares. Louisiana State Employees Retirement System reported 22,000 shares stake. Dnb Asset Mngmt As owns 0.04% invested in Discover Financial Services (NYSE:DFS) for 40,715 shares. Pittenger Anderson Incorporated has invested 0.01% in Discover Financial Services (NYSE:DFS). Riverhead Limited Liability Com holds 48,517 shares. Hanson Mcclain, a California-based fund reported 164 shares. 54,574 are held by Markston Intll Limited Liability Co. Folger Nolan Fleming Douglas Mngmt accumulated 8,677 shares. Neuberger Berman Ltd Liability stated it has 56,097 shares or 0% of all its holdings. Kentucky Retirement owns 22,409 shares for 0.12% of their portfolio.

The stock of Discover Financial Services (NYSE:DFS) registered a decrease of 7.02% in short interest. DFS’s total short interest was 3.95 million shares in May as published by FINRA. Its down 7.02% from 4.25M shares, reported previously. With 2.34 million shares average volume, it will take short sellers 2 days to cover their DFS’s short positions. The short interest to Discover Financial Services’s float is 1.1%.

The stock decreased 0.32% or $0.25 during the last trading session, reaching $76.87. About 1.20 million shares traded. Discover Financial Services (NYSE:DFS) has risen 5.15% since May 24, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services firm in the United States. The company has market cap of $26.83 billion. It operates in two divisions, Direct Banking and Payment Services. It has a 14.18 P/E ratio. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer services and products, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 22 analysts covering Discover Financial (NYSE:DFS), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Discover Financial had 35 analyst reports since December 11, 2017 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Outperform” on Thursday, January 25. As per Thursday, January 25, the company rating was maintained by Barclays Capital. The stock has “Hold” rating by Wells Fargo on Tuesday, January 9. On Thursday, December 28 the stock rating was maintained by Susquehanna with “Hold”. Wedbush maintained it with “Buy” rating and $80.0 target in Monday, December 11 report. The rating was maintained by JP Morgan on Thursday, January 25 with “Neutral”. The firm has “Overweight” rating given on Monday, December 11 by Barclays Capital. As per Thursday, January 25, the company rating was maintained by Wells Fargo. On Thursday, January 25 the stock rating was maintained by Credit Suisse with “Outperform”. As per Thursday, March 29, the company rating was maintained by Barclays Capital.

More news for Discover Financial Services (NYSE:DFS) were recently published by: Seekingalpha.com, which released: “More on Discover’s Q1 beat” on April 26, 2018. Fool.com‘s article titled: “These Companies Gave Bonuses or Raises After Tax Reform” and published on May 24, 2018 is yet another important article.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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