Letshego Financial Services, the largest entity on the Botswana Stock exchange, is intensifying its focus on inclusive finance and has launched a refreshed brand to reflect is expanded range of new financial offerings.
Launched last week, Letshego said the moves leverages the provisional banking license obtained from the banking regulator, the Bank of Namibia. At the event to announce the change in focus, Head of Corporate Affairs, Ms Mythri Sambasivan-George said In Namibia, Letshego will look to align with the Namibian governments agenda for sustainable socio-economic development. To this end it has committed to support the national Harambe Prosperity Plan.
She explained that the refreshed brand with its newly articulated promise of Lets improve life comes at a time when the group has entered a transformation phase with a number of positive digital developments taking place that will have a sustainable impact on many lives in Africa. She added that Letshego is looking at the provision of more financial services by migrating their operations to a digital platform.
IRVINE, Calif., July 7, 2016 /PRNewswire/ --McGlinchey Stafford LLP is pleased to announce Yaron Shaham has joined the firms Irvine office and Commercial Litigation practice group as Of Counsel.
With more than 15 years of experience practicing law, Yaron defends mortgage lenders and servicers, banks, and influential financial services firms in mortgage and foreclosure-related litigation, bank operation matters, and all aspects of bankruptcy adversary proceedings. His experience includes commercial litigation, lender liability litigation, foreclosure disputes, loss mitigation, lien validity, and priority challenges.
Discover Financial Services (NYSE:DFS)stock is currently trading at about $53.12 and lots of rating firms seem to have a target price set on the stock. The median 12-month price target of 23 analysts covering the company is $63.00, which suggests the stock could still gain more than 16 percent. The highest analyst price target is $75.00, which implies a gain of 59 percent. And roundups of analyst notes show that 13 are rating the stock a buy while 10 rate DFS a strong buy. There are 6 equity research firms suggesting a Hold and 0 consider it Sell.
Macquarie issued their verdict on Discover Financial Services (NYSE:DFS) recently. The rating firm gave a Neutral rating to this stock in a research note on May 11, 2016.BofA/Merrill analysts issued their verdict on Discover Financial Services (NYSE:DFS) recently. The rating firm gave a Neutral rating to this stock in a research note on Feb 11, 2016. According to a research note published on Jan 14, 2016, analysts at JP Morgan have lowered their rating on the company stock from Overweight to Neutral.
Discover Financial Services (NYSE:DFS) Insider Activity
Several executives took part in recent insider activity for the stock. Its President amp; COO HOCHSCHILD ROGER C sold 10,000 company shares for $560000.3, in a transaction on 2016-06-01. Following the transaction, the President amp; COO is left with a stake of 1,051,753 shares, currently valued at $55869119. Meanwhile, EVP Offereins Diane E sold 10,000 shares worth $563000.6, through a transaction dated 2016-06-01. Following the completion of the transaction, the insider is left with a stake of 349,883 shares, amounting $18585785. DFS Chairman amp; CEO ( NELMS DAVID W also sold 15,000 shares, at a stock price of $55.96. This transaction occurred on 2016-06-01 totals $839000.4. After this transaction, the insiders stake stands at 1,788,029 shares, with a market value of $94980100
Insiders own 1% percent of the stock. NELMS DAVID W is one of the largest insider shareholders in Discover Financial Services (NYSE:DFS), according to US Securities and Exchange Commission (SEC) filings. The insider owns 1,787,014 shares which have current market value of around $94926184.HOCHSCHILD ROGER C is another major inside shareholder in the company. The insider owns 875,772 shares as of Jun 1, 2016, currently worth $46521009. OFFEREINS DIANE E is ranked as third insider holder of the stock. This insider holds 348,962 shares with a market value around $18536861 as of recent close.
Discover Financial Services (NYSE:DFS) Earnings Overview
In Discover Financial Services (NYSE:DFS)s most recent quarter, EPS moved to $1.35 from $1.14 in prior quarter and revenues reached at $2,224.00M versus $2,205.00M. Analysts had expected Discover Financial Services (NYSE:DFS) to report earnings of about $1.29 per share on $2,174.30M in revenue. Looking forward, analysts on average predict that earnings for the current quarter would come in between $1.30 and $1.50. That is compared with the $1.33 in earnings per share it reported during the same period last year.