Country Trust Bank Lifted Stake in Schlumberger Limited Common (SLB); As Discover Finl Svcs (DFS) Stock Declined, Shareholder Md Sass Investors Services Has Increased Holding

October 7, 2017 - By Peter Erickson

Martin D. Sass increased its stake in Discover Finl Svcs (DFS) by 24.26% based on its latest 2017Q2 regulatory filing with the SEC. Md Sass Investors Services Inc bought 216,770 shares as the company’s stock declined 15.69% while stock markets rallied. The hedge fund run by Martin D. Sass held 1.11 million shares of the consumer services company at the end of 2017Q2, valued at $69.06 million, up from 893,636 at the end of the previous reported quarter. Md Sass Investors Services Inc who had been investing in Discover Finl Svcs for a number of months, seems to be bullish on the $24.40B market cap company. The stock decreased 0.30% or $0.2 on October 6, reaching $65.75. About 2.55 million shares traded or 6.25% up from the average. Discover Financial Services (NYSE:DFS) has risen 10.42% since October 7, 2016 and is uptrending. It has underperformed by 6.28% the S&P500.

Country Trust Bank increased its stake in Schlumberger Limited Common (SLB) by 20.67% based on its latest 2017Q2 regulatory filing with the SEC. Country Trust Bank bought 60,275 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 351,872 shares of the oilfield services and equipment company at the end of 2017Q2, valued at $23.17 million, up from 291,597 at the end of the previous reported quarter. Country Trust Bank who had been investing in Schlumberger Limited Common for a number of months, seems to be bullish on the $93.89 billion market cap company. The stock decreased 0.77% or $0.53 on October 6, reaching $68.34. About 5.72 million shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since October 7, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Country Trust Bank, which manages about $2.09B US Long portfolio, decreased its stake in General Electric Common (NYSE:GE) by 1.23 million shares to 85,239 shares, valued at $2.30 million in 2017Q2, according to the filing. It also reduced its holding in Target Corp. Common (NYSE:TGT) by 308,055 shares in the quarter, leaving it with 4,063 shares, and cut its stake in Qualcomm Inc. Common (NASDAQ:QCOM).

More important recent Schlumberger Limited. (NYSE:SLB) news were published by: Investorplace.com which released: “Schlumberger Limited. (SLB) Stock Is a Bargain That Will Keep on Giving” on October 02, 2017, also Seekingalpha.com published article titled: “Long Schlumberger: Multi-Scenario DCF Valuation”, Seekingalpha.com published: “Schlumberger deal for Russia’s Eurasia Drilling looks shaky” on September 28, 2017. More interesting news about Schlumberger Limited. (NYSE:SLB) was released by: Seekingalpha.com and their article: “Schlumberger’s Gamble Could Change Oilfield Services Forever” with publication date: September 14, 2017.

Since May 30, 2017, it had 1 insider buy, and 2 selling transactions for $2.87 million activity. SANDVOLD TORE I also sold $349,100 worth of Schlumberger Limited. (NYSE:SLB) shares. $250,203 worth of stock was bought by CURRIE PETER L S on Tuesday, May 30.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.29, from 1.17 in 2017Q1. It dropped, as 99 investors sold SLB shares while 590 reduced holdings. 91 funds opened positions while 513 raised stakes. 1.07 billion shares or 0.68% less from 1.08 billion shares in 2017Q1 were reported. Mar Vista Investment Partners Ltd Liability Com holds 2.78% in Schlumberger Limited. (NYSE:SLB) or 1.01 million shares. St Germain D J Incorporated owns 1.01% invested in Schlumberger Limited. (NYSE:SLB) for 115,126 shares. Sunbelt Incorporated owns 5,522 shares for 0.68% of their portfolio. Capstone Asset Mgmt reported 0.23% stake. Murphy Mngmt Inc holds 0.38% in Schlumberger Limited. (NYSE:SLB) or 39,202 shares. The New York-based Stralem & Company has invested 2.28% in Schlumberger Limited. (NYSE:SLB). Kj Harrison And Inc has 0.11% invested in Schlumberger Limited. (NYSE:SLB). Retirement Of Alabama reported 0.39% in Schlumberger Limited. (NYSE:SLB). Graybill Bartz & Assocs invested in 47,887 shares or 2.49% of the stock. Washington-based Zevenbergen Cap Invs Limited Liability Company has invested 0.02% in Schlumberger Limited. (NYSE:SLB). Park Natl Corp Oh holds 0.57% of its portfolio in Schlumberger Limited. (NYSE:SLB) for 146,451 shares. Edinburgh Prns Limited invested in 0.01% or 666 shares. Forward Management Limited Liability reported 74,051 shares. Moreover, Carlton Hofferkamp And Jenks Wealth Mngmt Limited Company has 0.65% invested in Schlumberger Limited. (NYSE:SLB) for 14,599 shares. 76,878 are held by Reaves W H & Company.

Among 33 analysts covering Schlumberger Limited. (NYSE:SLB), 26 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Schlumberger Limited. has $120 highest and $71 lowest target. $88.18’s average target is 29.03% above currents $68.34 stock price. Schlumberger Limited. had 107 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained Schlumberger Limited. (NYSE:SLB) rating on Thursday, July 20. RBC Capital Markets has “Buy” rating and $8600 target. BMO Capital Markets maintained Schlumberger Limited. (NYSE:SLB) rating on Friday, September 4. BMO Capital Markets has “Outperform” rating and $105.0 target. Argus Research maintained Schlumberger Limited. (NYSE:SLB) rating on Thursday, August 27. Argus Research has “Buy” rating and $112 target. The stock of Schlumberger Limited. (NYSE:SLB) has “Outperform” rating given on Monday, September 21 by FBR Capital. As per Tuesday, November 15, the company rating was upgraded by Jefferies. RBC Capital Markets maintained Schlumberger Limited. (NYSE:SLB) rating on Friday, September 1. RBC Capital Markets has “Buy” rating and $86.0 target. UBS maintained the stock with “Buy” rating in Wednesday, September 30 report. The stock of Schlumberger Limited. (NYSE:SLB) earned “Outperform” rating by FBR Capital on Wednesday, February 22. The company was initiated on Friday, March 24 by Tudor Pickering. The stock has “Hold” rating by Suntrust Robinson on Wednesday, January 18.

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.12, from 0.79 in 2017Q1. It increased, as 55 investors sold DFS shares while 277 reduced holdings. 74 funds opened positions while 227 raised stakes. 310.30 million shares or 1.25% less from 314.23 million shares in 2017Q1 were reported. Rampart Inv Ltd Liability Corp holds 4,454 shares. Heritage Invsts Corp invested 0.1% in Discover Financial Services (NYSE:DFS). 30,000 are held by Callahan Advsrs. 196,101 are held by Sei Invs. Hsbc Hldgs Public Limited Company accumulated 460,366 shares. Teachers Retirement Sys Of The State Of Kentucky reported 330,511 shares. Eaton Vance Management reported 1.14 million shares. Parkwood Llc reported 30,022 shares or 0.28% of all its holdings. 2,002 were accumulated by Orrstown Fincl Ser. Rdl Fincl stated it has 4,268 shares. Spark Invest Management Ltd Liability Corp invested 0.08% of its portfolio in Discover Financial Services (NYSE:DFS). Bridgewater Lp holds 0.02% of its portfolio in Discover Financial Services (NYSE:DFS) for 28,269 shares. Asset Inc holds 0.05% or 4,614 shares in its portfolio. Fiera Corporation invested 0% in Discover Financial Services (NYSE:DFS). The Kentucky-based Todd Asset Mngmt Llc has invested 0.81% in Discover Financial Services (NYSE:DFS).

Md Sass Investors Services Inc, which manages about $1.91B and $1.53 billion US Long portfolio, decreased its stake in Commscope Hldg Co Inc (NASDAQ:COMM) by 185,725 shares to 1.18 million shares, valued at $44.75M in 2017Q2, according to the filing. It also reduced its holding in Metlife Inc (NYSE:MET) by 157,144 shares in the quarter, leaving it with 923,056 shares, and cut its stake in Delta Air Lines Inc Del (NYSE:DAL).

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