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Wedbush Securities Inc. Lowers Stake in Discover Financial Services (DFS) & News

2017-06-05 13:14 [INVESTING] Source:Netword
Guide:The firm has "Hold" rating given on Wednesday, April 12 by BMO Capital Markets. In other Discover financial Services news, COO Roger C. Hochschild sold 10,000 shares of the company's stock in a transaction dated Monday, April 3rd. Stifel

The firm has "Hold" rating given on Wednesday, April 12 by BMO Capital Markets.

In other Discover financial Services news, COO Roger C. Hochschild sold 10,000 shares of the company's stock in a transaction dated Monday, April 3rd. Stifel Nicolaus maintained Electronic Arts Inc.

In related news, EVP Julie A. Loeger sold 5,000 shares of the business's stock in a transaction that occurred on Monday, May 1st. The firm earned "Buy" rating on Wednesday, May 4 by Deutsche Bank. The rating was initiated by Sterne Agee CRT on Thursday, September 10 with "Buy". The stock of Electronic Arts Inc. As per Monday, August 31, the company rating was upgraded by BB&T Capital. Central financial Bank reported 85,214 shares. See Electronic Arts Inc. Massachusetts financial Commerce Ma accumulated 0.19% or 5.35M shares. Therefore 67% are positive.

First Interstate Bank decreased its stake in Discover financial Services (DFS) by 77.24% based on its latest 2016Q4 regulatory filing with the SEC. The company presently has a consensus rating of Buy and a consensus target price of $74.40. Discover financial Services had 46 analyst reports since July 24, 2015 according to SRatingsIntel. Wedbush raised its rating on Discover financial Services to Outperform on 07/12/2016 in a reversal from its prior Neutral rating. Wells Fargo & Company MN now owns 1,867,598 shares of the Financial services provider's stock worth $127,725,000 after buying an additional 468,762 shares during the period.

BMO Capital now has a $70.0000 target price per share on shares of Discover financial Services (NYSE:DFS). The company was downgraded on Friday, January 6 by Susquehanna. Over the short term, some market observers may have noticed that Discover financial Services has a 1.20% short float with 15 days to cover.

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Over the last 5 years, Discover financial Services has averaged a 5.30% YoY EPS growth rate and a 5.10% revenue growth rate. RBC Capital Markets maintained it with "Top Pick" rating and $69 target in Monday, October 19 report. The Firm operates through two divisions: Direct Banking and Payment Services. This change led market cap to move at $22.80B, putting the price -20.53% below the 52-week high and 17.39% above the 52-week low. The firm has "Buy" rating by Deutsche Bank given on Wednesday, May 4. The company's current price-earnings ratio amounts to 11.16 times earnings, below the average P/E ratio of 39.09 times earnings.

Discover financial Services is a direct banking and payment services company. About 2,558 shares traded. Oppenheimer maintained the shares of DFS in report on Thursday, January 28 with "Outperform" rating. It has underperformed by 6.28% the S&P500. This translates into $573.84M profit for DFS giving the stock a 9.86 P/E.

Investors wait Discover financial Services (NYSE:DFS) to report on July, 18. its quarterly earnings Wall Street analysts expect $1.50 earnings per share, up $0.03 or 2.04 % from last year's $1.47 same quarter earnings. Investors of record on Thursday, May 11th were given a dividend of $0.30 per share. Its up 0.08, from 0.78 in 2016Q3.

Discover financial Services (DFS) shares saw a recent bid of $59.07 and 2.38M shares have exchanged hands in the recent trading session, yielding a -0.22% decline over the past week. BKD Wealth Advisors LLC boosted its position in shares of Discover financial Services by 8.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Discover financial Services by 15.0% in the fourth quarter.

Parkside Retail Bank invested 0% of its portfolio in Discover financial Services (NYSE:DFS). Jefferies Group LLC reaffirmed a "buy" rating and set a $82.00 price objective on shares of Discover financial Services in a research report on Friday, April 7th. Wg Shaheen Assocs Dba Whitney reported 25,975 shares stake.

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Discover financial Services (NYSE:DFS) last posted its quarterly earnings data on Tuesday, April 25th. After $0.14 actual EPS reported by RPM International Inc. for the previous quarter, Wall Street now forecasts 735.71% EPS growth. Finally, Salem Investment Counselors Inc. raised its position in Discover financial Services by 7.8% in the first quarter. Chartist Ca stated it has 0% in Discover financial Services (NYSE:DFS). Stephens Inc Ar invested in 0.03% or 11,385 shares. Discover financial Services has far performed well this year, with the share price down -18.06% since January. Princeton Alpha Mgmt Lp holds 5,821 shares or 0.09% of its portfolio.

Valley National Advisers invested in 583 shares. Fragasso Grp Incorporated Inc reported 21,667 shares.


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