Discover Financial Services (DFS) : Nwq Investment Management Company scooped up 97,817 additional shares in Discover Financial Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,021,299 shares of Discover Financial Services which is valued at $134,820,643.Discover Financial Services makes up approximately 1.89% of Nwq Investment Management Company’s portfolio.
Other Hedge Funds, Including , Balyasny Asset Management reduced its stake in DFS by selling 310,370 shares or 92.36% in the most recent quarter. The Hedge Fund company now holds 25,680 shares of DFS which is valued at $1,712,856. Discover Financial Services makes up approx 0.01% of Balyasny Asset Management’s portfolio.Texas Permanent School Fund reduced its stake in DFS by selling 9,438 shares or 7.06% in the most recent quarter. The Hedge Fund company now holds 124,304 shares of DFS which is valued at $7,031,877. Discover Financial Services makes up approx 0.10% of Texas Permanent School Fund’s portfolio.Concert Wealth Management reduced its stake in DFS by selling 68 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 9,021 shares of DFS which is valued at $510,318. Discover Financial Services makes up approx 0.06% of Concert Wealth Management’s portfolio.
Discover Financial Services opened for trading at $65.73 and hit $66.78 on the upside on Monday, eventually ending the session at $66.24, with a gain of 0.35% or 0.23 points. The heightened volatility saw the trading volume jump to 25,23,883 shares. Company has a market cap of $26,125 M.
On the company’s financial health, Discover Financial Services reported $1.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.47. The company had revenue of $2301.00 million for the quarter, compared to analysts expectations of $2269.22 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS.
Many Wall Street Analysts have commented on Discover Financial Services. Wedbush Initiated Discover Financial Services on Oct 11, 2016 to “Neutral”, Price Target of the shares are set at $63.
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company as well as a financial holding company. The Company provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. Direct Banking segment includes consumer banking and lending products specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services including private student loans personal loans home loans home equity loans prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE Diners Club and the Companys network partners business which provides payment transaction processing and settlement services on the Discover Network.