Discover Financial Services (DFS) Stock Rating Reaffirmed by Wells Fargo & Co

Marco Green
January 13, 2018

Tiaa Cref Investment Management Ltd Liability Corp owns 23,851 shares. The institutional investor held 76,756 shares of the telecommunications equipment company at the end of 2017Q3, valued at $3.01M, up from 67,850 at the end of the previous reported quarter. The 8 months bullish chart indicates low risk for the $28.78B company. Utd Cap Advisers invested in 7,836 shares or 0.01% of the stock. About 6.99M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since January 12, 2017 and is downtrending. It has outperformed by 29.75% the S&P500. More interesting news about Discover Financial Services (NYSE:DFS) were released by: Fool.com and their article: "Is Discover Financial Services' Dividend Safe?" published on January 04, 2018 as well as Businesswire.com's news article titled: "Discover Financial Services Announces Fourth Quarter 2017 Earnings Release and ..." with publication date: December 20, 2017. Globeflex Capital LP bought 10,123 shares as the company's stock rose 9.48% with the market. Of the analysts surveyed by Reuters that track Bank of the Ozarks 3 of them rate its stock a hold. The stock has a market capitalization of $28,880.00, a PE ratio of 13.68, a P/E/G ratio of 1.80 and a beta of 1.52. The stock increased 1.12% or $0.89 during the last trading session, reaching $80.36. About 916,873 shares traded.

Discover Financial Services (NYSE:DFS) has seen its stock price gain 3.44, or +4.47%, so far in 2017. It has underperformed by 6.28% the S&P500. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Therefore 68% are positive. Public Employees Retirement Association Of Colorado has invested 0.03% in Discover Financial Services (NYSE:DFS). The firm has "Neutral" rating given on Wednesday, May 11 by Macquarie Research. The rating was downgraded by Bank of America to "Neutral" on Thursday, February 11. As per Wednesday, October 25, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained the shares of DFS in report on Monday, January 8 with "Buy" rating. It turned negative, as 71 investors sold DFS shares while 261 reduced holdings. They set a buy rating and a $92.00 price target on the stock. Wells Fargo & Co restated a "market perform" rating and set a $83.00 price target (up previously from $69.00) on shares of Discover Financial Services in a research report on Tuesday. Oppenheimer maintained it with "Buy" rating and $6900 target in Wednesday, July 26 report.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. Advisory Alpha Ltd invested in 202,915 shares.

BLACKROCK INC. raised its stake in OGE Energy Corp. (OGE) worth $554.54 million at the end of the most recent reporting period.The investor is now holding 17,952,053 shares thanks to an increase of 173,220 new shares in their portfolio. Whittier Trust Of Nevada has 0% invested in Discover Financial Services (NYSE:DFS) for 131 shares. Moreover, Gulf National Bank (Uk) has 0.11% invested in Discover Financial Services (NYSE:DFS).

Pioneer Trust Bank N A, which manages about $192.66 million US Long portfolio, decreased its stake in General Elec Co Com (NYSE:GE) by 16,165 shares to 97,031 shares, valued at $2.35M in 2017Q3, according to the filing. Tiaa Cref Mngmt Limited Liability Com invested 0.01% in Flowers Foods, Inc. Ubs Asset Management Americas has invested 0.08% in Discover Financial Services (NYSE:DFS). (NASDAQ:CSCO). Strategic Advsr Limited Liability Corporation holds 0.9% of its portfolio in Cisco Systems, Inc. Reliance Tru Of Delaware invested 0.06% of its portfolio in Discover Financial Services (NYSE:DFS).

Shares of Discover Financial Services (NYSE:DFS) opened at $80.36 on Friday. 226,590 are held by Jacobs Levy Equity. Tudor Et Al accumulated 25,579 shares or 0.04% of the stock. Principal Finance Grp holds 3.50M shares or 0.22% of its portfolio. Ameritas Investment Prtnrs owns 0% invested in Tucows Inc.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 23. DFS's profit will be $555.97M for 13.02 P/E if the $1.53 EPS becomes a reality. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $80.38.

Investors sentiment decreased to 1.31 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. 106 funds opened positions while 696 raised stakes. Ci Invs has 1.21 million shares. First Republic Mngmt stated it has 59,636 shares or 0.03% of all its holdings. (NASDAQ:TCX) or 7,788 shares. 2,600 were reported by Villere St Denis J And Ltd Llc. Ftb owns 55 shares for 0% of their portfolio. Berkshire Asset Mgmt Limited Pa holds 1.61% in AT&T Inc. Atria Invests Ltd Liability has invested 0.18% in Visa Inc. Security reported 1,254 shares stake. Tobam stated it has 525,158 shares. Kistler invested 0.03% of its portfolio in Sempra Energy (NYSE:SRE). Its efficient capital management also impresses. Dorsey Whitney Ltd has invested 0.29% in AT&T Inc. Corbyn Investment Management Inc bought 8,370 shares as the company's stock declined 15.69% while stock markets rallied. (NYSE:V). Oakbrook Investments Ltd Co holds 2.54% or 373,385 shares. (NASDAQ:CSCO) for 44,188 shares. (NYSE:T), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 65% are positive. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has "Top Pick" rating by RBC Capital Markets on Monday, October 19. (NYSE:V) on Wednesday, September 6 with "Buy" rating. The firm earned "Equal-Weight" rating on Thursday, April 21 by Morgan Stanley. On Wednesday, December 16 the stock rating was initiated by Jefferies with "Buy". The stock of Visa Inc. (NYSE:T) rating on Monday, March 7.

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