Capital Advisors Ltd. buys $30,206 stake in Discover Financial Services (DFS)

Discover Financial Services (DFS) : Capital Advisors Ltd. scooped up 1 additional shares in Discover Financial Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 551 shares of Discover Financial Services which is valued at $30,206.Discover Financial Services makes up approximately 0.01% of Capital Advisors Ltd.’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in DFS in the latest quarter, The investment management firm added 25,874 additional shares and now holds a total of 339,843 shares of Discover Financial Services which is valued at $18,630,193. Discover Financial Services makes up approx 0.15% of National Pension Service’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in DFS in the latest quarter, The investment management firm added 7,700 additional shares and now holds a total of 8,590 shares of Discover Financial Services which is valued at $476,659. Discover Financial Services makes up approx 0.13% of Daiwa Sb Investments Ltd.’s portfolio.Oliver Luxxe Assets boosted its stake in DFS in the latest quarter, The investment management firm added 4,218 additional shares and now holds a total of 44,872 shares of Discover Financial Services which is valued at $2,530,781. Discover Financial Services makes up approx 2.00% of Oliver Luxxe Assets’s portfolio.Washington Trust Bank boosted its stake in DFS in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 3,809 shares of Discover Financial Services which is valued at $217,494. Discover Financial Services makes up approx 0.05% of Washington Trust Bank’s portfolio.Lvm Capital Management Ltdmi boosted its stake in DFS in the latest quarter, The investment management firm added 48,730 additional shares and now holds a total of 117,195 shares of Discover Financial Services which is valued at $6,691,835. Discover Financial Services makes up approx 2.11% of Lvm Capital Management Ltdmi’s portfolio.

Discover Financial Services opened for trading at $55 and hit $55.48 on the upside on Friday, eventually ending the session at $54.82, with a gain of 0.57% or 0.31 points. The heightened volatility saw the trading volume jump to 21,34,978 shares. Company has a market cap of $22,127 M.

On the company’s financial health, Discover Financial Services reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.40. The company had revenue of $2216.00 million for the quarter, compared to analysts expectations of $2228.30 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Investors should note that on Oct 13, 2016, Discover Financial Services announced a cash dividend of $0.3000. The company’s management has announced Nov 1, 2016 as the ex-dividend date and fixed the record date on Nov 3, 2016. The payable date has been fixed on Nov 17, 2016.

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.Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Top Pick”, Firm has raised the Price Target to $ 73 from a previous price target of $68 .

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 Company’s network partners business which provides payment transaction processing and settlement services on the Discover Network.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover Financial Services - Is it time to Sell?

Top Brokerage Firms are advising their investors on Discover Financial Services. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.