Discover Finl Svcs (DFS) Shareholder Columbus Hill Capital Management LP Has Lifted Stake

April 23, 2018 - By Hazel Jackson

Discover Financial Services (NYSE:DFS) LogoInvestors sentiment increased to 0.87 in Q4 2017. Its up 0.10, from 0.77 in 2017Q3. It is positive, 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. Alliancebernstein LP holds 0.04% in Discover Financial Services (NYSE:DFS) or 743,896 shares. 5,180 were accumulated by Cutler Investment Counsel Limited Liability. 2.15 million are owned by Natl Bank Of Montreal Can. Tortoise Investment Mgmt Ltd holds 0% or 56 shares in its portfolio. Wedge L LP Nc has 0.32% invested in Discover Financial Services (NYSE:DFS). M Hldg Secs Inc stated it has 0.19% of its portfolio in Discover Financial Services (NYSE:DFS). Vigilant Cap Ltd Company holds 0.03% or 3,000 shares in its portfolio. 19 are held by Financial Engines Advisors Limited Liability Company. Janney Montgomery Scott Lc holds 34,402 shares. Fifth Third Savings Bank invested 0.14% in Discover Financial Services (NYSE:DFS). Putnam Investments Limited Liability Corporation accumulated 271,288 shares or 0.05% of the stock. California State Teachers Retirement stated it has 0.1% in Discover Financial Services (NYSE:DFS). Pennsylvania-based Pnc has invested 0.04% in Discover Financial Services (NYSE:DFS). Balyasny Asset Management Ltd Llc has 836,207 shares for 0.2% of their portfolio. State Of Tennessee Treasury Department has invested 0.12% 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 $80.69M, 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 $25.92 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $73.32. About 2.46M 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 $1.68 billion and $1.56B US Long portfolio, decreased its stake in Williams Cos Inc Del (NYSE:WMB) by 105,000 shares to 614,178 shares, valued at $18.73M in 2017Q4, according to the filing. It also reduced its holding in Firstenergy Corp (NYSE:FE) by 418,300 shares in the quarter, leaving it with 265,800 shares, and cut its stake in Alphabet 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 “Buy” rating given on Monday, December 18 by Bank of America. The stock of Discover Financial Services (NYSE:DFS) has “Overweight” rating given on Friday, February 2 by Morgan Stanley. The stock of Discover Financial Services (NYSE:DFS) earned “Overweight” rating by Barclays Capital on Thursday, March 29. As per Wednesday, October 25, the company rating was maintained by Nomura. The rating was maintained by RBC Capital Markets on Wednesday, October 25 with “Buy”. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The stock of Discover Financial Services (NYSE:DFS) earned “Hold” rating by Wells Fargo on Thursday, March 29. The stock has “Neutral” rating by JP Morgan on Thursday, January 25. The rating was maintained by Stephens on Tuesday, January 2 with “Sell”. Wells Fargo maintained it with “Market Perform” rating and $84 target in Thursday, January 25 report.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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