Following U.S. election volatility some analysts have updated their recommended target prices on shares of Discover Financial Services (NYSE:DFS). Park West Asset Management LLC now owns 833,900 shares of the company's stock valued at $22,374,000 after buying an additional 600,000 shares during the last quarter. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. A total of 2.12 million shares exchanged hands as contrast to its average trading volume of 2.97 million shares. The company was maintained on Wednesday, October 5 by Deutsche Bank. Also, EVP Julie A. Loeger sold 3,871 shares of the firm's stock in a transaction that occurred on Monday, January 30th.
Discover Financial Services (DFS) opened the session with a $65.14 price tag, later ranging from $64.75 to $65.74, the range at which the stock has traded at throughout the day. (AFSI) is 1.13. The Average Volume (3 months) is 2.67 Million. The stock has a market cap of $26.98 billion, a PE ratio of 12.02 and a beta of 1.42. Discover Financial Services has a 52-week low of 50.32 and a 52-week high of 74.33.
The stock's price switched up -12.02% 20-Days Simple Moving Average, dropped -27.79% from 50-Days Simple Moving Average and fell -36.49% from 200 Days Simple Moving Average. Given that its average daily volume over the 30 days has been 0.63 million shares a day, this signifies a pretty significant change over the norm. AmTrust Financial Services had a return on equity of 19.81% and a net margin of 8.39%.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. During the same quarter in the previous year, the firm earned $0.67 EPS. AmTrust Financial Services posted earnings of $0.77 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 16.9%. Investors of record on Monday, April 3rd will be given a $0.17 dividend. The ex-dividend date is Tuesday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 4.32%. Discover Financial Services's payout ratio is 20.76%.
FBR & Co reiterated their buy rating on shares of AmTrust Financial Services Inc (NASDAQ:AFSI) in a report released on Wednesday. If you are viewing this report on another publication, it was stolen and reposted in violation of USA and worldwide trademark and copyright legislation. If the market is performing well and the stock is over-valued, DFS might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.
AFSI has been the subject of a number of analyst reports. The count of Hold ratings in that period was 7. Also, the Hold rating count is 8 as of 04/13/17. Wedbush set a $78.00 price objective on Discover Financial Services and gave the company a "buy" rating in a report on Wednesday, January 25th.
Several hedge funds have recently modified their holdings of AFSI. Cue Financial Group Inc. boosted its stake in shares of AmTrust Financial Services by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,821,559 shares of the insurance provider's stock worth $49,874,000 after buying an additional 143,936 shares in the last quarter. Cable Hill Partners LLC raised its stake in Discover Financial Services by 112.1% in the third quarter. State Street Corp now owns 1,701,228 shares of the insurance provider's stock worth $46,578,000 after buying an additional 153,102 shares in the last quarter. JMP Securities Maintains AmTrust Financial Services, Inc. Prudential Financial Inc. now owns 53,802 shares of the insurance provider's stock worth $1,444,000 after buying an additional 1,200 shares in the last quarter. The number of shares now owned by investors are 383.9 mln. Finally, Focused Wealth Management Inc bought a new stake in Discover Financial Services during the fourth quarter valued at approximately $151,000. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers' compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.