Analysts are on the Bearish side about Discover Financial Services (NYSE:DFS) this week.

October 2, 2018 - By Peter Kolinski

Discover Financial Services (NYSE:DFS) LogoInvestors sentiment increased to 1 in Q2 2018. Its up 0.20, from 0.8 in 2018Q1. It is positive, as 35 investors sold Discover Financial Services shares while 254 reduced holdings. 77 funds opened positions while 212 raised stakes. 286.78 million shares or 2.92% less from 295.39 million shares in 2018Q1 were reported.
Wealthtrust holds 214 shares or 0.01% of its portfolio. Tiaa Cref Inv Mngmt Limited Com reported 1.09M shares. Rocky Mountain Advisers Ltd Com stated it has 0.01% of its portfolio in Discover Financial Services (NYSE:DFS). Cambridge Invest Research Advsrs invested in 0.01% or 16,487 shares. Raymond James & holds 0.06% of its portfolio in Discover Financial Services (NYSE:DFS) for 487,652 shares. Advisor Ptnrs Ltd Limited Liability Company holds 9,154 shares. Arrow Fincl holds 466 shares or 0.01% of its portfolio. Litman Gregory Asset Limited Liability Company owns 1,500 shares for 0.04% of their portfolio. Moreover, Wms Partners Lc has 0.04% invested in Discover Financial Services (NYSE:DFS). State Street Corp reported 15.41 million shares. Robeco Institutional Asset Management Bv holds 657,963 shares or 0.22% of its portfolio. Highvista Strategies Lc holds 5,000 shares. 17 were accumulated by Kistler. Hotchkis Wiley Capital Limited Liability Company has invested 1.4% in Discover Financial Services (NYSE:DFS). Moreover, Neuberger Berman Grp Incorporated Limited Liability Com has 0% invested in Discover Financial Services (NYSE:DFS) for 58,605 shares.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 12 analysts covering Discover Financial (NYSE:DFS), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Discover Financial has $92 highest and $78 lowest target. $83.10’s average target is 8.30% above currents $76.73 stock price. Discover Financial had 12 analyst reports since April 5, 2018 according to SRatingsIntel. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, April 16. UBS upgraded the stock to “Neutral” rating in Monday, May 7 report. Susquehanna maintained the stock with “Hold” rating in Thursday, April 12 report. Bank of America maintained the stock with “Buy” rating in Friday, September 21 report. On Monday, April 30 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock of Discover Financial Services (NYSE:DFS) has “Market Outperform” rating given on Friday, April 27 by JMP Securities. BMO Capital Markets maintained it with “Market Perform” rating and $91 target in Monday, April 30 report. The stock of Discover Financial Services (NYSE:DFS) has “Neutral” rating given on Friday, July 27 by JP Morgan. The company was maintained on Monday, October 1 by Wells Fargo. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Monday, April 9 by Stephens. Below is a list of Discover Financial Services (NYSE:DFS) latest ratings and price target changes.

01/10/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $76 New Target: $82 Maintain
21/09/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $86 New Target: $92 Maintain
27/07/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $78 New Target: $81 Maintain
07/05/2018 Broker: UBS Old Rating: Sell New Rating: Neutral Old Target: $70 Upgrade
30/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $93 New Target: $90 Maintain
30/04/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $93 New Target: $91 Maintain
27/04/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $91 New Target: $84 Maintain
16/04/2018 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Downgrade
12/04/2018 Broker: Oppenheimer Rating: Buy New Target: $82.0000 Maintain
12/04/2018 Broker: Susquehanna Rating: Hold New Target: $81.0000 Maintain

The stock increased 0.37% or $0.28 during the last trading session, reaching $76.73. About 1.57 million shares traded. Discover Financial Services (NYSE:DFS) has risen 33.76% since October 2, 2017 and is uptrending. It has outperformed by 18.14% the S&P500.

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services firm in the United States. The company has market cap of $26.29 billion. It operates in two divisions, Direct Banking and Payment Services. It has a 12.22 P/E ratio. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer services and products, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

Another recent and important Discover Financial Services (NYSE:DFS) news was published by Businesswire.com which published an article titled: “Discover Financial Services Announces Third Quarter 2018 Earnings Release and Conference Call on October 25, 2018” on September 19, 2018.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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