Discover Financial Services (NYSE:DFS) is expected to pay $0.30 on Nov 17, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on Discover Financial Services’s current price of $56.57, the dividend is 0.53%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 14, 2016. The stock decreased 0.26% or $0.15 on October 28, hitting $56.57. Discover Financial Services (NYSE:DFS) has risen 12.51% since March 29, 2016 and is uptrending. It has outperformed by 9.04% the S&P500.
Discover Financial Services is a direct banking and payment services company. The company has a market cap of $22.25 billion. The Firm is a bank holding company, as well as a financial holding company. It has a 10.28 P/E ratio. The Firm operates through two divisions: Direct Banking, which 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 services and products, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business.
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.18, from 0.85 in 2016Q1. The ratio increased, as 47 funds sold all Discover Financial Services shares owned while 249 reduced positions. 73 funds bought stakes while 233 increased positions. They now own 333.34 million shares or 3.24% less from 344.50 million shares in 2016Q1.
Hsbc Hldg Public Limited Co holds 411,559 shares or 0.06% of its portfolio. Gabelli Funds Lc reported 120,000 shares or 0.04% of all its holdings. Associated Banc, a Alabama-based fund reported 203,355 shares. First In, a Indiana-based fund reported 2,425 shares. Nuveen Asset Management Limited Liability Corp has 873,558 shares for 0.29% of their US portfolio. Turner Lp holds 0.13% or 7,740 shares in its portfolio. Teachers Retirement System Of The State Of Kentucky reported 412,661 shares or 0.29% of all its holdings. The Minnesota-based Sit Investment Associates Inc has invested 0.4% in Discover Financial Services (NYSE:DFS). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 107,116 shares in the company. Honeywell Intl Inc, a New Jersey-based fund reported 622,900 shares. Moreover, Sumitomo Life Insur Com has 0.34% invested in Discover Financial Services (NYSE:DFS) for 46,623 shares. Fukoku Mutual Life Insurance reported 3,300 shares or 0.03% of all its holdings. Svcs Automobile Association last reported 429,946 shares in the company. Utah Retirement Systems has 0.11% invested in the company for 74,991 shares. Mycio Wealth Prtnrs Ltd Liability Co accumulated 2,054 shares or 0.02% of the stock.
Discover Financial Services (NYSE:DFS) Ratings Coverage
Out of 21 analysts covering Discover Financial Services (NYSE:DFS), 13 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 62% are positive. $75 is the highest target while $43 is the lowest. The $62.95 average target is 11.28% above today’s ($56.57) stock price. Discover Financial Services has been the topic of 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Oppenheimer maintained the shares of DFS in a report on Thursday, January 28 with “Outperform” rating. The rating was maintained by Stifel Nicolaus on Wednesday, October 21 with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 5. The stock of Discover Financial Services (NYSE:DFS) earned “Neutral” rating by JP Morgan on Thursday, January 14. The stock of Discover Financial Services (NYSE:DFS) earned “Neutral” rating by Wedbush on Tuesday, October 11. JMP Securities initiated the shares of DFS in a report on Tuesday, December 22 with “Outperform” rating. The company was upgraded on Wednesday, December 16 by Argus Research. RBC Capital Markets maintained the shares of DFS in a report on Monday, October 19 with “Top Pick” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, May 4 report. The firm has “Buy” rating by Bank of America given on Saturday, September 5.
More notable recent Discover Financial Services (NYSE:DFS) news were published by: Forbes.com which released: “RSI Alert: Discover Financial Services Now Oversold” on October 13, 2016, also Seekingalpha.com with their article: “Discover Financial Services (DFS) Q3 2016 Results – Earnings Call Transcript” published on October 26, 2016, Seekingalpha.com published: “Discover Financial Services: The Long Slow Grind” on October 26, 2016. More interesting news about Discover Financial Services (NYSE:DFS) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Discover Financial Services, Adtran and Franklin Electric” published on October 28, 2016 as well as Seekingalpha.com‘s news article titled: “Discover Financial Services: A Well Managed Company With Multiple Growth …” with publication date: October 17, 2016.
DFS Company Profile
Discover Financial Services (DFS), incorporated on July 25, 1960, is a direct banking and payment services company. The Firm is a bank holding company, as well as a financial holding company. The Firm operates through two divisions: Direct Banking and Payment Services. It provides direct banking services and products and payment services through its subsidiaries. It offers its clients credit card loans, private student loans, personal loans, home equity loans and deposit products.
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