Discover Financial Services (DFS) Position Raised by Pictet Asset Management Ltd.

19 Mai, 2017, 22:50 | Author: Marc Bacque

Jefferies Group LLC now has a $82.00 target price on the financial services provider's stock.

03/29/2017 - Rafferty Capital Markets began new coverage on Discover Financial Services giving the company a "hold" rating. On Friday, January 6 the stock rating was downgraded by Susquehanna to "Neutral". The firm has "Neutral" rating given on Thursday, February 11 by Bank of America. The company was maintained on Wednesday, October 21 by Stifel Nicolaus. The Maryland-based Brown Advisory has invested 0.01% in Discover Financial Services (NYSE:DFS). (NYSE:GPS), 4 have Buy rating, 6 Sell and 23 Hold. Jefferies Group LLC restated a "buy" rating and issued a $82.00 price target on shares of Discover Financial Services in a research report on Friday, April 7th.

04/26/2017 - Discover Financial Services had its "outperform" rating reiterated by analysts at Evercore ISI. The lowest target is $43 while the high is $84. The company's 50-day moving average is $63.84 and its 200-day moving average is $67.65. The company has a market capitalization of $22.88 billion, a PE ratio of 10.28 and a beta of 1.42. On average, analysts forecast that Discover Financial Services will post $6.02 earnings per share for the current year. Earnings-per-share growth gives a good picture of the rate at which a company has grown its profitability per unit of equity. The consensus mean EPS for the current quarter is at $1.48 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings. During the same quarter past year, the business posted $1.35 EPS. Discover Financial Services's dividend payout ratio (DPR) is now 20.76%.

Traders may also be following some financial ratios for Discover Financial Services (NYSE:DFS). Deutsche Bank AG restated a buy rating on shares of Discover Financial Services in a report on Sunday, January 8th. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US & global trademark & copyright laws.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th will be given a dividend of $0.30 per share. Its price/book multiple of 2.10 compared with the 4.29 while its free cash flow yield of 8.27 should be matched with that of its industry's 56.02. The ex-dividend date of this dividend is Tuesday, May 9th.

In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the firm's stock in a transaction dated Monday, May 1st. The Weekly and Monthly Volatility stands at 1.79% and 1.80%. A total volume of 3.38 million shares were traded versus to average volume of 2.8 million shares. The shares were sold at an average price of $62.18, for a total transaction of $1,865,400.00. Princeton Alpha Management LP now owns 10,069 shares of the financial services provider's stock valued at $689,000 after buying an additional 4,248 shares during the last quarter. The disclosure for this sale can be found here. The stock exchanged hands 3.38 Million shares versus average trading capacity of 2.77 Million shares, yielding a market cap of $22.88 Billion. Company insiders own 1.07% of the company's stock. Everpoint Asset Management Limited Liability Com reported 0.24% stake. Moreover, First Quadrant Limited Partnership Ca has 0% invested in Gap Inc (NYSE:GPS) for 3,954 shares. 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.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, DFS earned gross profit of 0, in 2015 0 gross profit, while in 2016 Discover Financial Services (DFS) produced 0 profit. Blackrock Inc owns 34,597 shares for 0% of their portfolio. Norges Bank bought a new stake in Discover Financial Services during the fourth quarter valued at $258,887,000. State Street Corp now owns 21,146,396 shares of the financial services provider's stock valued at $1,524,446,000 after buying an additional 1,207,103 shares in the last quarter. Synovus Financial Corp now owns 5,404 shares of the financial services provider's stock valued at $307,000 after buying an additional 4,007 shares during the period. Institutional investors own 85.54% of the company's stock. Elkfork Partners LLC now owns 215,336 shares of the financial services provider's stock valued at $14,727,000 after buying an additional 71,236 shares during the last quarter. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/05/19/discover-financial-services-dfs-position-raised-by-pictet-asset-management-ltd.html. 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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