Discover Finl Svcs (DFS) Share Value Declined While Columbus Hill Capital Management LP Raised Holding by $26.31 Million

April 23, 2018 - By Marie Mckinney

Discover Financial Services (NYSE:DFS) LogoInvestors sentiment increased to 0.87 in Q4 2017. Its up 0.10, from 0.77 in 2017Q3. It improved, as 51 investors sold DFS shares while 266 reduced holdings. 99 funds opened positions while 176 raised stakes. 296.68 million shares or 1.53% less from 301.28 million shares in 2017Q3 were reported. Bb&T Secs Llc has 0.28% invested in Discover Financial Services (NYSE:DFS) for 283,895 shares. New York-based Cap One Association has invested 0.17% in Discover Financial Services (NYSE:DFS). Highlander Cap Mgmt Limited Liability Corporation invested 0% of its portfolio in Discover Financial Services (NYSE:DFS). Jfs Wealth Advisors Ltd Company owns 156 shares or 0% of their US portfolio. Gfs Ltd Liability has 0.09% invested in Discover Financial Services (NYSE:DFS) for 5,400 shares. Moreover, First Natl Trust has 0.11% invested in Discover Financial Services (NYSE:DFS). Ftb Inc reported 635 shares stake. Midas Mngmt Corporation holds 0.67% in Discover Financial Services (NYSE:DFS) or 22,000 shares. Ironwood Fincl owns 60 shares. X Management Llc invested in 10,685 shares. Btc Cap Mgmt has 53,264 shares for 0.71% of their portfolio. Sentinel Tru Lba stated it has 86,906 shares or 1.39% of all its holdings. Baystate Wealth Ltd Liability Corporation has invested 0% in Discover Financial Services (NYSE:DFS). Tortoise Inv Mngmt Ltd Company stated it has 0% of its portfolio in Discover Financial Services (NYSE:DFS). Argent Capital Management Lc invested 0.03% in Discover Financial Services (NYSE:DFS).

Kevin D. Eng increased its stake in Discover Finl Svcs (DFS) by 49.26% based on its latest 2017Q4 regulatory filing with the SEC. Columbus Hill Capital Management Lp bought 346,189 shares as the company’s stock declined 8.95% with the market. The hedge fund run by Kevin D. Eng held 1.05M shares of the consumer services company at the end of 2017Q4, valued at $80.69 million, up from 702,850 at the end of the previous reported quarter. Columbus Hill Capital Management Lp who had been investing in Discover Finl Svcs for a number of months, seems to be bullish on the $25.92B market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $73.32. About 2.46 million shares traded or 11.13% up from the average. Discover Financial Services (NYSE:DFS) has risen 5.15% since April 23, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Columbus Hill Capital Management Lp, which manages about $1.68B and $1.56 billion US Long portfolio, decreased its stake in Alphabet Inc by 26,650 shares to 54,363 shares, valued at $57.27M in 2017Q4, according to the filing. It also reduced its holding in Equifax Inc (NYSE:EFX) by 169,177 shares in the quarter, leaving it with 169,000 shares, and cut its stake in Altaba Inc.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 24 analysts covering Discover Financial Services (NYSE:DFS), 14 have Buy rating, 1 Sell and 9 Hold. Therefore 58% are positive. Discover Financial Services has $107.0 highest and $67 lowest target. $84.85’s average target is 15.73% above currents $73.32 stock price. Discover Financial Services had 37 analyst reports since October 25, 2017 according to SRatingsIntel. The stock of Discover Financial Services (NYSE:DFS) has “In-Line” rating given on Thursday, January 25 by Evercore. Nomura maintained it with “Buy” rating and $79 target in Wednesday, October 25 report. The firm has “Hold” rating given on Thursday, April 12 by Susquehanna. Morgan Stanley maintained it with “Overweight” rating and $93 target in Friday, February 2 report. Morgan Stanley maintained Discover Financial Services (NYSE:DFS) rating on Thursday, January 25. Morgan Stanley has “Overweight” rating and $91 target. Wells Fargo maintained it with “Hold” rating and $83.0 target in Tuesday, January 9 report. Barclays Capital maintained the shares of DFS in report on Wednesday, October 25 with “Equal-Weight” rating. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Thursday, April 12 by Oppenheimer. On Monday, December 11 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: