Shaker Financial Services Cut Its Gabelli Divd & Income Tr (GDV) Holding by $5.03 Million; Share Value Declined; Advisory Research Holding in Discover Financial Services (DFS) Decreased by $1.94 Million

June 14, 2018 - By Adrian Erickson

Discover Financial Services (NYSE:DFS) Logo

Shaker Financial Services Llc decreased its stake in Gabelli Divd & Income Tr (GDV) by 56.16% based on its latest 2018Q1 regulatory filing with the SEC. Shaker Financial Services Llc sold 228,785 shares as the company’s stock declined 3.69% with the market. The institutional investor held 178,580 shares of the company at the end of 2018Q1, valued at $3.95M, down from 407,365 at the end of the previous reported quarter. Shaker Financial Services Llc who had been investing in Gabelli Divd & Income Tr for a number of months, seems to be less bullish one the $1.90B market cap company. The stock increased 0.04% or $0.0099 during the last trading session, reaching $23.0899. About 159,824 shares traded or 10.20% up from the average. The Gabelli Dividend & Income Trust (NYSE:GDV) has risen 3.79% since June 14, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Advisory Research Inc decreased its stake in Discover Financial Services (DFS) by 14.88% based on its latest 2018Q1 regulatory filing with the SEC. Advisory Research Inc sold 27,314 shares as the company’s stock declined 5.51% with the market. The hedge fund held 156,213 shares of the consumer services company at the end of 2018Q1, valued at $11.24 million, down from 183,527 at the end of the previous reported quarter. Advisory Research Inc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $26.22 billion market cap company. The stock increased 0.41% or $0.31 during the last trading session, reaching $75.14. About 1.48M shares traded. Discover Financial Services (NYSE:DFS) has risen 28.73% since June 14, 2017 and is uptrending. It has outperformed by 16.16% the S&P500. Some Historical DFS News: 15/03/2018 – Discover Financial Services: Net Principal Charge-off Rate 3.6% as of Feb 28; 01/05/2018 – DFS FINES GOLDMAN SACHS $54.75M FOR UNSAFE FX TRADING CONDUCT; 03/05/2018 – NY DFS: WILLIAM PENN FINED $6.3M FOR IMPROPER REINSURANCE DEALS; 27/04/2018 – NY DoFS: DFS ISSUES UPDATED PROPOSED LIFE INSURANCE AND ANNUITY SUITABILITY REGULATION REQUIRING A BEST INTEREST STANDARD TO; 26/04/2018 – DISCOVER 1Q CREDIT CARD LOANS GREW 10% TO $65.6B; 13/03/2018 – NY Insur Dept: DFS Announces New Agreement with Geico to Protect New York Drivers from Unfairly Discriminatory Auto Insurance; 04/04/2018 – NY DoFS: DFS APPROVES NEW ENTRANT TO NEW YORK INSURANCE MARKET; 24/04/2018 – AlphaStreak Develops First Ever March Madness DFS Bracketology Tournament Contest; 25/04/2018 – NY Insur Dept: DFS Superintendent Vullo Announces Next Phase of New York’s Expanded Participation in State-Based NMLS; 26/04/2018 – DISCOVER FINANCIAL SERVICES QTRLY PAYMENT SERVICES TRANSACTION DOLLAR VOLUME WAS $56.1 BLN, UP 19% FROM PRIOR YEAR

Among 33 analysts covering Discover Financial Services (NYSE:DFS), 21 have Buy rating, 0 Sell and 12 Hold. Therefore 64% are positive. Discover Financial Services had 102 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Friday, September 8 with “Overweight”. The company was maintained on Wednesday, April 20 by JP Morgan. The firm has “Neutral” rating by Bank of America given on Thursday, February 11. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Wednesday, October 25 by RBC Capital Markets. On Wednesday, April 20 the stock rating was maintained by Goldman Sachs with “Buy”. Evercore downgraded the shares of DFS in report on Thursday, January 25 to “In-Line” rating. Wells Fargo initiated Discover Financial Services (NYSE:DFS) on Tuesday, October 10 with “Hold” rating. The company was maintained on Thursday, January 25 by Wells Fargo. RBC Capital Markets maintained the stock with “Buy” rating in Monday, January 8 report. Oppenheimer maintained Discover Financial Services (NYSE:DFS) on Tuesday, October 6 with “Outperform” rating.

Investors sentiment decreased to 0.8 in 2018 Q1. Its down 0.07, from 0.87 in 2017Q4. It dropped, as 44 investors sold DFS shares while 281 reduced holdings. 84 funds opened positions while 176 raised stakes. 295.39 million shares or 0.43% less from 296.68 million shares in 2017Q4 were reported. Bp Public Ltd Com has 0.11% invested in Discover Financial Services (NYSE:DFS). Westpac Bk has 33,372 shares for 0% of their portfolio. Beacon Finance Gru holds 0.1% or 7,907 shares in its portfolio. James Inv Rech accumulated 25,020 shares. Advantus Capital Mngmt has 0.07% invested in Discover Financial Services (NYSE:DFS). Nuveen Asset Mgmt Limited Liability Corp owns 184,431 shares for 0.09% of their portfolio. Covington Cap Mngmt, California-based fund reported 1,977 shares. Adirondack accumulated 0.02% or 440 shares. 85,617 were accumulated by Rockshelter Capital Limited Liability Corporation. Keybank Association Oh holds 0.07% or 170,415 shares. Canada Pension Plan Invest Board, a Ontario – Canada-based fund reported 186,024 shares. Lpl Financial Ltd Liability has 55,905 shares. Parsec Mgmt Inc reported 78,011 shares. Asset Management Inc owns 22,801 shares for 0.08% of their portfolio. Japan-based Sumitomo Mitsui Trust has invested 0.1% in Discover Financial Services (NYSE:DFS).

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on July, 25. They expect $1.85 earnings per share, up 32.14% or $0.45 from last year’s $1.4 per share. DFS’s profit will be $645.65 million for 10.15 P/E if the $1.85 EPS becomes a reality. After $1.82 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 1.65% EPS growth.

More recent Discover Financial Services (NYSE:DFS) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within Cimarex Energy, MSCI, Prestige Brand, MGM Resorts International, Discover …” on June 12, 2018. Also Fool.com published the news titled: “Discover Becomes Latest Company to Offer Employees Free College” on June 13, 2018. Seekingalpha.com‘s news article titled: “Why Invest In Companies That Partner With Sports Leagues?” with publication date: June 03, 2018 was also an interesting one.

Advisory Research Inc, which manages about $11.47B and $5.56B US Long portfolio, upped its stake in Siteone Landscape Supply Incor by 17,927 shares to 34,679 shares, valued at $2.67M in 2018Q1, according to the filing. It also increased its holding in Guggenheim Etf Trust S&P 500 E (RSP) by 3,494 shares in the quarter, for a total of 38,901 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Another recent and important The Gabelli Dividend & Income Trust (NYSE:GDV) news was published by Stockhouse.com which published an article titled: “Gabelli Dividend & Income Trust Continues Monthly Distributions, Declaring Distributions of $0.11 Per Share” on May 17, 2018.

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.55, from 1.38 in 2017Q4. It turned negative, as 12 investors sold GDV shares while 24 reduced holdings. 11 funds opened positions while 19 raised stakes. 12.67 million shares or 1.32% more from 12.50 million shares in 2017Q4 were reported. Whittier Tru invested in 5,200 shares or 0% of the stock. Finemark Natl Bank And reported 0.02% stake. Illinois-based Guggenheim Cap Limited Co has invested 0.01% in The Gabelli Dividend & Income Trust (NYSE:GDV). Northwestern Mutual Wealth Mngmt Communications reported 575 shares. Whittier Tru Of Nevada accumulated 2,500 shares. The Missouri-based First Allied Advisory Service has invested 0.15% in The Gabelli Dividend & Income Trust (NYSE:GDV). Bb&T Secs Ltd Liability invested in 12,802 shares. North Star Management Corporation has invested 0.14% in The Gabelli Dividend & Income Trust (NYSE:GDV). Oppenheimer owns 0.04% invested in The Gabelli Dividend & Income Trust (NYSE:GDV) for 73,890 shares. Raymond James And Assoc has 0.01% invested in The Gabelli Dividend & Income Trust (NYSE:GDV) for 330,557 shares. Lpl Financial Ltd Liability holds 48,836 shares. Advisors Asset has 226,137 shares. Synovus Fincl holds 0% or 2,028 shares. Hightower Advsr Limited Liability owns 21,668 shares for 0% of their portfolio. Bancorp Of America Corp De owns 851,791 shares for 0% of their portfolio.

Shaker Financial Services Llc, which manages about $132.85M and $207.01M US Long portfolio, upped its stake in Invesco Dynamic Cr Opp Fd (VTA) by 62,131 shares to 227,537 shares, valued at $2.67 million in 2018Q1, according to the filing. It also increased its holding in Special Opportunities Fd Inc (SPE) by 100,408 shares in the quarter, for a total of 442,915 shares, and has risen its stake in Adams Diversified Equity Fd (ADX).

Since January 2, 2018, it had 2 insider purchases, and 0 selling transactions for $48,396 activity. $23,399 worth of stock was bought by WATSON SUSAN VIRGINIA on Tuesday, January 2.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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