Discover Financial Services Big Money Sentiment Falls in Q1 2018 touching 0.8

June 27, 2018 - By Anthony Rauscher

Discover Financial Services (NYSE:DFS) Corporate Logo

Discover Financial Services’s Sentiment

In 2018 Q1 Discover Financial Services (NYSE:DFS) big money sentiment decreased to 0.8, revealed SEC filings. So its down -0.07, from 2017Q4’s 0.87. 260 funds increased or opened new equity positions, while 325 decreased and sold their stock positions in Discover Financial Services so the sentiment has worsened. These funds own 295.39 million shares, that’s down from 296.68 million shares in 2017Q4. Funds holding Discover Financial Services in top 10 decreased from 17 to 10 for a decrease of 7. In total 44 funds closed positions, 281 reduced and 176 increased. Also 84 funds bought new Discover Financial Services stakes.

Most Discover Financial Services Investors

As of 2018 Q1 Corbyn Investment Management Inc Md has 5.86% invested in Discover Financial Services. Discover Financial Services’s shareholder Solaris Asset Management Llc owns 11,901 shares as of 2018 Q1. Also, Bruni J V & Co Co reported 433,045 shares in Discover Financial Services equivalent to 5.37% of its fund portfolio. The New York-based fund Meru Capital Group Lp have invested about 4.05% of the institutional investor’s stock portfolio in Discover Financial Services. The Japan-based fund Mu Investments Co. Ltd. holds 75,900 shares or 3.9% of their fund portfolio.

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services firm in the United States.The company has $24.94 billion market cap. It operates in two divisions, Direct Banking and Payment Services.12.34 is the 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.

The stock increased 0.11% or $0.08 during the last trading session, touching $71.47.Currently Discover Financial Services is uptrending after 28.73% change in last June 27, 2017. DFS has 207,197 shares volume. DFS outperformed the S&P500 by 16.16%.

Discover Financial Services (NYSE:DFS)’s earnings report is anticipated on July, 25., according to RTT. Analysts predict $1.85 earnings per share, which is $0.45 up or 32.14 % from 2017’s $1.4 earnings per share. If DFS’s EPS is $1.85 the profit will reach $645.60M for 9.66 P/E. After $1.82 EPS report previous quarter, Wall Street now predicts 1.65 % EPS growth of Discover Financial Services.

Veritable Limited Partnership has invested 0.03% of its capital in Discover Financial Services (NYSE:DFS). Deutsche Natl Bank Ag has invested 0.14% in Discover Financial Services (NYSE:DFS). 121,512 are held by Arizona State Retirement System. Lombard Odier Asset Management (Europe) accumulated 3,918 shs or 0.02% of the stock. Wealthtrust owns 0.01% invested in Discover Financial Services (NYSE:DFS) for 260 shs. Adirondack Trust reported 0.02% in Discover Financial Services (NYSE:DFS). Scotia Inc invested in 0.01% or 11,391 shs. 13,550 are held by Atwood Palmer. Sirios Cap Management Limited Partnership reported 1.67% in Discover Financial Services (NYSE:DFS). Fort Point Prns Limited Liability Corp, California-based fund reported 5,379 shs. Commonwealth Bankshares Of Aus reported 0.05% of its capital in Discover Financial Services (NYSE:DFS). Moreover, Dubuque State Bank has 0.01% invested in Discover Financial Services (NYSE:DFS). The Rhode Island-based Amica Retiree Medical Tru has invested 0.63% in Discover Financial Services (NYSE:DFS). Foster Motley holds 0.62% of its capital in Discover Financial Services (NYSE:DFS) for 52,905 shs. United Svcs Automobile Association, Texas-based fund reported 161,693 shs.

Discover Financial Services (NYSE:DFS) Ratings Coverage

In total 19 analysts cover Discover Financial Services (NYSE:DFS). “Buy” rating has 10, “Sell” are 0, while 9 are “Hold”. 53% are bullish. With $107.0 highest and $7000 lowest target Discover Financial Services has $85.38 average target or 19.46% above the current ($71.47) price. 31 are the (NYSE:DFS)’s analyst reports since December 28, 2017 according to StockzIntelligence Inc. On Tuesday, January 9 the firm has “Hold” rating by Wells Fargo given. On Monday, April 30 the rating was maintained by Morgan Stanley with “Overweight”. On Wednesday, January 10 the rating was maintained by Jefferies with “Buy”. On Tuesday, January 2 Stephens maintained Discover Financial Services (NYSE:DFS) rating. Stephens has “Sell” rating and $73.0 target. In Thursday, January 25 report Oppenheimer maintained the stock with “Outperform” rating. On Monday, May 7 the firm has “Neutral” rating by UBS given. On Thursday, January 25 the rating was maintained by Wells Fargo with “Market Perform”. On Tuesday, January 16 the firm earned “Buy” rating by Sandler O’Neill. In Tuesday, March 27 report UBS initiated the stock with “Sell” rating. On Thursday, January 25 the firm has “Outperform” rating given by Credit Suisse.

Discover Financial Services (NYSE:DFS) Institutional Investors Chart

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