Trust Co Of Oklahoma buys $282,846 stake in Discover Financial Services (DFS)

Discover Financial Services (DFS) : Trust Co Of Oklahoma scooped up 481 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 7, 2016. The investment management firm now holds a total of 5,015 shares of Discover Financial Services which is valued at $282,846.Discover Financial Services makes up approximately 0.16% of Trust Co Of Oklahoma’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in DFS by selling 1,100 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 87,338 shares of DFS which is valued at $4,925,863. Discover Financial Services makes up approx 1.40% of Central Bank Trust Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in DFS in the latest quarter, The investment management firm added 84,341 additional shares and now holds a total of 728,972 shares of Discover Financial Services which is valued at $41,624,301. Discover Financial Services makes up approx 0.23% of Chevy Chase Trust Holdings’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in DFS in the latest quarter, The investment management firm added 11,722 additional shares and now holds a total of 18,722 shares of Discover Financial Services which is valued at $1,069,026. Discover Financial Services makes up approx 0.20% of Franklin Street Advisors Inc Nc’s portfolio.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.Lvm Capital Management Ltdmi boosted its stake in DFS in the latest quarter, The investment management firm added 48,730 additional shares and now holds a total of 117,195 shares of Discover Financial Services which is valued at $6,691,835. Discover Financial Services makes up approx 2.11% of Lvm Capital Management Ltdmi’s portfolio.

Discover Financial Services closed down -0.27 points or -0.48% at $56.4 with 25,77,726 shares getting traded on Friday. Post opening the session at $56.78, the shares hit an intraday low of $56.31 and an intraday high of $57.1 and the price fluctuated in this range throughout the day.Shares ended Friday 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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