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Discover Financial Services Posted gains of 0.75% in the Last Trade

Discover Financial Services Posted gains of 0.75% in the Last Trade

The Massachusetts-based Ngam Advisors L P has invested 0.18% in Discover Financial Services (NYSE:DFS).

Several other equities analysts have also weighed in on DFS. The Weekly and Monthly Volatility stands at 1.79% and 1.80%. It also increased its holding in Barrick Gold Corp (NYSE:ABX) by 984,115 shares in the quarter, for a total of 998,194 shares, and has risen its stake in Discover Finl Svcs.

On 1/19/2017 Discover Financial Services announced a quarterly dividend of $0.30 1.71% with an ex dividend date of 2/7/2017 which will be payable on 2/23/2017. Orrstown Financial Services Inc. boosted its position in shares of Discover Financial Services by 64.2% in the first quarter. Acrospire Investment Management LLC increased its position in Discover Financial Services by 18.8% in the third quarter.

Ulysses Management Llc is a New York-based hedge fund that was founded by Joshua Nash.

Shares of Discover Financial Services (NYSE:DFS) traded up 2.33% during trading on Friday, hitting $60.66. The stock declined 0.02% or $0.01 reaching $59.27 per share. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 10.25 and a beta of 1.42. Discover Financial Services has $84 highest and $43 lowest target. Rafferty Capital Markets reiterated a hold rating and issued a $70.00 price target on shares of Discover Financial Services in a research report on Wednesday, March 29th. After $1.43 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 4.90 % EPS growth. Past 5 years growth of Discover Financial Services (NYSE:DFS) observed at 5.32%, looking forward for the next 5 years it has a strong prediction of 8.43% over growth. In contrast to the year ago quarter EPS was at 1.57.

Discover Financial Services (NYSE:DFS)'s revenue estimates for the current quarter are $2.4 Billion according to 17 number of analysts, for the current quarter the company has high revenue estimates of $2.46 Billion in contradiction of low revenue estimates of $2.37 Billion. Stockholders of record on Thursday, May 11th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.02%.




On 1/14/2016 Discover Financial Services announced a quarterly dividend of $0.28 with an ex dividend date of 2/2/2016 which will be payable on 2/18/2016. If you are reading this story on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & global trademark and copyright law. FMR LLC now owns 9,844,614 shares of the financial services provider's stock valued at $709,698,000 after buying an additional 355,684 shares in the last quarter.

The current consensus rating on Discover Financial Services (NYSE:DFS) is Buy (Score: 2.64) with a consensus target price of $73.53 per share, a potential 22.20% upside. Wedbush set a $78.00 price objective on Discover Financial Services and gave the stock a "buy" rating in a research note on Wednesday, January 25th. Oppenheimer maintained it with "Outperform" rating and $67 target in Thursday, January 28 report. The Maryland-based Brown Advisory has invested 0.01% in Discover Financial Services (NYSE:DFS).

Among 24 analysts covering Discover Financial Services (NYSE:DFS), 16 have Buy rating, 0 Sell and 8 Hold. It seems that the stock might see strength given an ABR of 1.9 or Buy rating. Sandler O'Neill set a $79.00 price target on Discover Financial Services and gave the company a buy rating in a report on Wednesday, January 25th. Also, CFO R. Mark Graf sold 29,584 shares of the stock in a transaction that occurred on Thursday, April 27th.

On 5/1/2017 Julie A Loeger, EVP, sold 5,000 with an average share price of $62.54 per share and the total transaction amounting to $312,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,674,732 shares of the company's stock, valued at approximately $104,134,835.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,342 shares of company stock valued at $7,344,016. Institutional investors own 85.54% of the company's stock.

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's 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.


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