M Holdings Securities Position in Discover Finl Svcs Com (DFS) Lowered by $1.05 Million; Magna International (MGA) Holder Cardinal Capital Management Has Decreased Its Position by $3.33 Million

April 19, 2018 - By Nellie Frank

Discover Financial Services (NYSE:DFS) Logo

Cardinal Capital Management Inc decreased its stake in Magna International Inc. (MGA) by 5.87% based on its latest 2017Q4 regulatory filing with the SEC. Cardinal Capital Management Inc sold 59,400 shares as the company’s stock declined 4.65% with the market. The institutional investor held 951,876 shares of the capital goods company at the end of 2017Q4, valued at $54.17M, down from 1.01M at the end of the previous reported quarter. Cardinal Capital Management Inc who had been investing in Magna International Inc. for a number of months, seems to be less bullish one the $20.26B market cap company. The stock decreased 1.90% or $1.14 during the last trading session, reaching $58.74. About 617,894 shares traded. Magna International Inc. (NYSE:MGA) has risen 26.62% since April 19, 2017 and is uptrending. It has outperformed by 15.07% the S&P500.

M Holdings Securities Inc decreased its stake in Discover Finl Svcs Com (DFS) by 61.98% based on its latest 2017Q4 regulatory filing with the SEC. M Holdings Securities Inc sold 5,183 shares as the company’s stock declined 8.95% with the market. The institutional investor held 3,179 shares of the consumer services company at the end of 2017Q4, valued at $645,000, down from 8,362 at the end of the previous reported quarter. M Holdings Securities Inc who had been investing in Discover Finl Svcs Com for a number of months, seems to be less bullish one the $25.80B market cap company. The stock increased 1.21% or $0.87 during the last trading session, reaching $72.96. About 747,898 shares traded. Discover Financial Services (NYSE:DFS) has risen 5.15% since April 19, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Investors 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. Vision owns 1.63% invested in Discover Financial Services (NYSE:DFS) for 72,807 shares. Calamos Wealth Management Ltd Liability accumulated 11,549 shares. Amf Pensionsforsakring holds 0.46% or 609,151 shares in its portfolio. Hilltop reported 9,138 shares stake. First Republic Invest Mgmt holds 0.02% of its portfolio in Discover Financial Services (NYSE:DFS) for 40,770 shares. Gofen And Glossberg Llc Il owns 2,909 shares. 197 were accumulated by Ledyard National Bank & Trust. Lmr Ptnrs Ltd Liability Partnership accumulated 38,775 shares. Morgan Stanley, New York-based fund reported 3.31M shares. Community Bancshares Of Raymore holds 0.12% in Discover Financial Services (NYSE:DFS) or 3,739 shares. Moors & Cabot reported 0.04% in Discover Financial Services (NYSE:DFS). Stanley holds 0.14% or 8,672 shares in its portfolio. Central Asset And Holdg (Hk) holds 7,600 shares or 0.48% of its portfolio. Cambridge Inv Rech has invested 0.01% in Discover Financial Services (NYSE:DFS). U S Global Investors reported 7,700 shares.

M Holdings Securities Inc, which manages about $733.83 million and $332.54M US Long portfolio, upped its stake in Vaneck Vectors Etf Tr High Yld Mun Etf by 10,423 shares to 31,102 shares, valued at $4.09 million in 2017Q4, according to the filing. It also increased its holding in At&T Inc Com (NYSE:T) by 15,793 shares in the quarter, for a total of 63,355 shares, and has risen its stake in Medtronic Plc Shs (NYSE:MDT).

Among 33 analysts covering Discover Financial Services (NYSE:DFS), 21 have Buy rating, 1 Sell and 11 Hold. Therefore 64% are positive. Discover Financial Services had 98 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, December 7 by Wedbush. The rating was maintained by Oppenheimer on Tuesday, October 6 with “Outperform”. Jefferies maintained Discover Financial Services (NYSE:DFS) rating on Wednesday, January 10. Jefferies has “Buy” rating and $91.0 target. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 2 report. UBS initiated Discover Financial Services (NYSE:DFS) rating on Tuesday, March 27. UBS has “Sell” rating and $7000 target. Wood maintained the stock with “Buy” rating in Monday, May 15 report. The company was maintained on Thursday, January 25 by Wells Fargo. Bank of America upgraded Discover Financial Services (NYSE:DFS) on Thursday, December 15 to “Buy” rating. The firm earned “Buy” rating on Tuesday, August 1 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, September 10 by Sterne Agee CRT.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on April, 26 after the close. They expect $1.82 EPS, up 27.27% or $0.39 from last year’s $1.43 per share. DFS’s profit will be $643.46 million for 10.02 P/E if the $1.82 EPS becomes a reality. After $1.55 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 17.42% EPS growth.

Cardinal Capital Management Inc, which manages about $1.84 billion and $1.18 billion US Long portfolio, upped its stake in Comcast Corp. Class A (NASDAQ:CMCSA) by 90,550 shares to 107,800 shares, valued at $4.32M in 2017Q4, according to the filing. It also increased its holding in Whirlpool Corp. (NYSE:WHR) by 59,760 shares in the quarter, for a total of 63,660 shares, and has risen its stake in Omnicom Group Inc. (NYSE:OMC).

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.

By

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:


Recent Market News

>