Lvm Capital Management Ltdmi buys $6,691,835 stake in Discover Financial Services (DFS)

Discover Financial Services (DFS) : Lvm Capital Management Ltdmi scooped up 48,730 additional shares in Discover Financial Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 117,195 shares of Discover Financial Services which is valued at $6,691,835.Discover Financial Services makes up approximately 2.11% of Lvm Capital Management Ltdmi’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group reduced its stake in DFS by selling 318 shares or 5.92% in the most recent quarter. The Hedge Fund company now holds 5,058 shares of DFS which is valued at $288,812. Discover Financial Services makes up approx 0.06% of Beacon Financial Group’s portfolio.

Discover Financial Services closed down -0.1 points or -0.18% at $56.51 with 29,48,328 shares getting traded on Tuesday. Post opening the session at $56.81, the shares hit an intraday low of $56.44 and an intraday high of $57.03 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Discover Financial Services reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.40. The company had revenue of $2216.00 million for the quarter, compared to analysts expectations of $2228.30 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Many Wall Street Analysts have commented on Discover Financial Services. Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Top Pick”, Firm has raised the Price Target to $ 73 from a previous price target of $68 .

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 Company’s network partners business which provides payment transaction processing and settlement services on the Discover Network.

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