Oppenheimer Weighs in on Discover Financial Services' FY2017 Earnings (NYSE:DFS)

Oppenheimer Weighs in on Discover Financial Services' FY2017 Earnings (NYSE:DFS)

The institutional investor held 249,809 shares of the consumer services company at the end of 2017Q3, valued at $16.11 million, up from 241,439 at the end of the previous reported quarter. The stock of Discover Financial Services (NYSE:DFS) earned "Buy" rating by RBC Capital Markets on Wednesday, October 25.

Discover Financial Services (DFS) traded up $0.15 during mid-day trading on Tuesday, reaching $80.51. About 816,284 shares traded.

Discover Financial Services (NYSE:DFS) has seen its stock price gain 3.44, or +4.47%, so far in 2017. It has underperformed by 6.28% the S&P500.

Staley Capital Advisers Inc increased its stake in Cisco Systems (CSCO) by 2.4% based on its latest 2017Q3 regulatory filing with the SEC. Skytop Capital Management Llc bought 12,000 shares as the company's stock rose 23.30% with the market. After $1.04 actual earnings per share reported by Sempra Energy for the previous quarter, Wall Street now forecasts 33.65% EPS growth. Hudock Moyer Wealth Resources Llc who had been investing in Penns Woods Bancorp Inc Com for a number of months, seems to be bullish on the $207.06 million market cap company. The stock decreased 0.38% or $0.14 during the last trading session, reaching $36.48. About 2.49 million shares traded or 7.72% up from the average. Jones Energy, Inc. (NYSE:JONE) has declined 35.56% since January 11, 2017 and is downtrending. It has underperformed by 1.66% the S&P500. ValuEngine cut shares of Discover Financial Services from a "buy" rating to a "hold" rating in a research report on Wednesday, November 15th. Therefore 53% are positive. Jones Energy Inc had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The company presently has a consensus rating of Buy and an average price target of $79.90. The stock has "Neutral" rating by Wedbush on Tuesday, October 11. The company was initiated on Wednesday, January 13 by DA Davidson. Lingohr Partner Asset Mgmt Gmbh holds 0.17% in Discover Financial Services (NYSE:DFS) or 5,100 shares. The stock has a market capitalization of $28,880.00, a PE ratio of 13.68, a P/E/G ratio of 1.80 and a beta of 1.52. On Wednesday, July 20 the stock rating was maintained by Credit Suisse with "Outperform". As per Wednesday, October 25, the company rating was maintained by BMO Capital Markets. KeyBanc Capital Markets maintained Encompass Health Corporation (NYSE:HLS) on Thursday, September 7 with "Hold" rating. The stock of American Express Company (NYSE:AXP) earned "Equal-Weight" rating by Morgan Stanley on Thursday, October 19. Moreover, Northwest Investment Counselors Ltd has 0% invested in Discover Financial Services (NYSE:DFS) for 50 shares. They expect $1.53 earnings per share, up 9.29% or $0.13 from last year's $1.4 per share. DFS's profit would be $555.98M giving it 12.99 P/E if the $1.53 EPS is correct. M&R Capital Management Inc. grew its holdings in shares of Discover Financial Services by 1.1% in the second quarter.

A 8 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:OZRK) or, if they already own its stock, sell it. Its up 0.28, from 0.83 in 2017Q2. It fall, as 71 investors sold DFS shares while 261 reduced holdings.

A number of hedge funds have recently added to or reduced their stakes in DFS. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider's stock worth $166,196,000 after purchasing an additional 2,037,515 shares in the last quarter. Verition Fund Lc holds 3,455 shares. Northern Trust Corp stated it has 0.07% of its portfolio in Discover Financial Services (NYSE:DFS). 243,475 are held by Aperio Group Ltd Limited Liability Company. Adirondack holds 0.03% or 508 shares in its portfolio. Freestone Cap Liability Corp stated it has 0.05% of its portfolio in AT&T Inc. Moreover, Boston Partners has 0.97% invested in Discover Financial Services (NYSE:DFS). Davis Ptnrs Ltd Liability Co reported 700,000 shares. Next Fincl Group Incorporated Inc reported 403 shares. Gm Advisory Inc holds 0.1% or 5,304 shares. Jpmorgan Chase Communication has invested 0.06% of its portfolio in Discover Financial Services (NYSE:DFS). South State Corp now owns 3,457 shares of the financial services provider's stock valued at $215,000 after acquiring an additional 25 shares in the last quarter. Synovus Fin Corporation reported 4,717 shares. Whittier Trust Of Nevada has 0% invested in Discover Financial Services (NYSE:DFS) for 131 shares.

Among 29 analysts covering AT&T Inc. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company's stock. Therefore 29% are positive. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, July 15 with "Overweight". The stock of American Express Company (NYSE:AXP) has "Hold" rating given on Tuesday, May 30 by Jefferies. (NYSE:V) on Friday, June 23 with "Buy" rating. As per Tuesday, May 9, the company rating was downgraded by BMO Capital Markets. The firm has "Buy" rating by Stifel Nicolaus given on Friday, July 22. The stock of Jones Energy, Inc. (NASDAQ:CSCO) earned "Buy" rating by Barclays Capital on Thursday, November 16.

Since August 14, 2017, it had 8 insider buys, and 1 sale for $5.76 million activity. $5.65M worth of Visa Inc. With 818,200 avg volume, 13 days are for Accelerate Diagnostics Incorporated (NASDAQ:AXDX)'s short sellers to cover AXDX's short positions. Following the completion of the sale, the chief operating officer now directly owns 769,440 shares in the company, valued at approximately $51,390,897.60. Another trade for 121,390 shares valued at $3.89M was made by Robbins Charles on Monday, September 11. In the previous year there have been a total of 126 insider trades, including 37 open market buys and 89 sells. The company maintains price to book ratio of 2.74 vs.an industry average at 5.44. MATSCHULLAT ROBERT W sold $707,561 worth of stock.

Investors sentiment increased to 2.08 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It increased, as 35 investors sold EA shares while 217 reduced holdings. 142 funds opened positions while 524 raised stakes. Dorsey Whitney Ltd has invested 0.29% in AT&T Inc. Shine Inv Advisory, a Colorado-based fund reported 793 shares. (NASDAQ:EA). Pictet Asset Mgmt Limited holds 337,096 shares. Washington-based Parametric Portfolio Associates Limited Com has invested 0.14% in Electronic Arts Inc. (NASDAQ:CSCO) for 44,188 shares. (NYSE:V). Nippon Life Insur invested in 0.13% or 67,785 shares. Great Lakes Advsrs Limited Liability Com invested in 0.01% or 3,495 shares. (NASDAQ:CSCO) for 61,774 shares. Toronto Dominion Natl Bank invested 0.03% of its portfolio in Sempra Energy (NYSE:SRE).

Related Articles

  • Eagle Ridge Investment Management Buys New Holdings in McDonald's Co. (MCD)

    The institutional investor owned 80,419 shares of the fast-food giant's stock after selling 1,121 shares during the period. The fast-food giant reported $1.76 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.75 by $0.01.
    John Williams Confirms Return For Star Wars Episode IX

    John Williams Confirms Return For Star Wars Episode IX

    That doesn't mean you're going to agree with the choices he made artistically and narratively, but he made them consciously. Some fans loved The Last Jedi and all that it had to offer.
    Barty to play Kerber in Sydney final

    Barty to play Kerber in Sydney final

    Kerber, a former No. 1 and the 2016 Australian Open champion, won all four singles at the Hopman Cup and now all four in Sydney en route to the final.
  • Tesco Corporation (TESO) Position Boosted by Bank of New York Mellon Corp

    Jefferies Group also issued estimates for Bank Of New York Mellon's FY2018 earnings at $4.10 EPS and FY2019 earnings at $4.45 EPS. Jefferies Group reaffirmed a "hold" rating on shares of Bank Of New York Mellon in a research report on Friday, October 20th.
    Ice Skater Admits to Knowing About Kerrigan Attack — Tonya Harding Interview

    Ice Skater Admits to Knowing About Kerrigan Attack — Tonya Harding Interview

    Golden continued. "She's lied so much, she doesn't know what isn't a lie anymore". "It was just an incredible script", she says. Her abusive childhood, marriage, and more are included, but Kerrigan is upset Harding is shown as a victim.
    SUNDAY STUNNER? Big U-turn in Liverpool Naby Keita talks

    SUNDAY STUNNER? Big U-turn in Liverpool Naby Keita talks

    Naby Keita will not be allowed to join Liverpool this month, according to RB Leipzig coach Ralph Hasenhuttl. This was despite public claims from Leipzig that they would not allow Keita to leave this month.
  • Kerber issues Australian Open warning with Sydney triumph

    Kerber issues Australian Open warning with Sydney triumph

    Kerber has been drawn to face fellow German Anna-Lena Friedsam in the Australian Open first round, while Barty plays Aryna Sabalenka.
    Caught on camera: Driver rides out mudslide

    Caught on camera: Driver rides out mudslide

    Waves of mud flowed down County Club Drive in Burbank, creating a river in the road during a winter storm Tuesday Jan. 9, 2018. After the downpour slowed, Franklin helped his housemate secure sandbags around the home's perimeter and went back to sleep.
    Norfolk MP warns government over impact of 'hard Brexit'

    Norfolk MP warns government over impact of 'hard Brexit'

    It said financial and professional services would be the "worst affected key sector", with 119,000 fewer jobs nationally. It is the latter scenario in which jobs and financial growth would be put most at risk, the report says.
  • Israel PM Netanyahu to embark on a six-day visit to India

    Israel PM Netanyahu to embark on a six-day visit to India

    Modi was the first Indian Prime Minister to have visited Israel after the two countries established diplomatic ties in 1992. Bala Bhaskar said, during his week-long tour, the Israeli Prime Minister will also visit Agra, Ahmedabad and Mumbai.

    Stock under Consideration: Sears Hldgs Corp (SHLD)

    Several large investors have recently bought and sold shares of SHLD. 51 funds opened positions while 95 raised stakes. If we take a long term observation, shares have been trading at a distance of -58.27% from the 200-day moving average.
    Israel PM Benjamin Netanyahu to visit India next week

    Israel PM Benjamin Netanyahu to visit India next week

    Modi was the first Indian Prime Minister to have visited Israel after the two countries established diplomatic ties in 1992. In the summer of 2015, Israeli Prime Minister Benjamin Netanyahu's son partied with friends at a Tel Aviv strip club.