Discover Financial Services (DFS) : Nn Investment Partners Holdings N.v. scooped up 14,943 additional shares in Discover Financial Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 2,633,254 shares of Discover Financial Services which is valued at $149,331,834.Discover Financial Services makes up approximately 1.37% of Nn Investment Partners Holdings N.v.’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in DFS in the latest quarter, The investment management firm added 898 additional shares and now holds a total of 36,629 shares of Discover Financial Services which is valued at $2,077,231. Discover Financial Services makes up approx 0.06% of Capstone Asset Management Co’s portfolio.Breton Hill Capital Ltd. boosted its stake in DFS in the latest quarter, The investment management firm added 2,531 additional shares and now holds a total of 17,717 shares of Discover Financial Services which is valued at $1,004,731. Discover Financial Services makes up approx 0.31% of Breton Hill Capital Ltd.’s portfolio.Beacon Financial Group boosted its stake in DFS in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 5,376 shares of Discover Financial Services which is valued at $304,873. Discover Financial Services makes up approx 0.06% of Beacon Financial Group’s portfolio.Washington Trust Bank reduced its stake in DFS by selling 160 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 3,765 shares of DFS which is valued at $207,000. Discover Financial Services makes up approx 0.05% of Washington Trust Bank’s portfolio.
Discover Financial Services closed down -0.33 points or -0.57% at $57.09 with 29,61,925 shares getting traded on Monday. Post opening the session at $57.4, the shares hit an intraday low of $57 and an intraday high of $57.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Discover Financial Services reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $1.29. The company had revenue of $2224.00 million for the quarter, compared to analysts expectations of $2173.41 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.
Many Wall Street Analysts have commented on Discover Financial Services. Discover Financial Services was Downgraded by Macquarie to ” Neutral” on May 11, 2016. Company shares were Reiterated by Stifel on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company as well as a financial holding company. The Company provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. 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 including private student loans personal loans home loans home equity loans prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE Diners Club and the Companys network partners business which provides payment transaction processing and settlement services on the Discover Network.