Discover Financial Services (DFS) Shares Declined While Ulysses Management LLC Has Lowered Stake by $5.28 Million

May 17, 2018 - By Robert Crowder

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. Blackrock holds 0.09% or 23.92M shares. Epoch Invest Partners Inc holds 0.75% or 2.96M shares in its portfolio. Newman Dignan Sheerar holds 0.11% or 2,827 shares in its portfolio. U S Glob reported 7,700 shares. Pinnacle Assoc Limited has 98,693 shares for 0.15% of their portfolio. Whittier Of Nevada reported 0% of its portfolio in Discover Financial Services (NYSE:DFS). Btc Mgmt invested in 0.71% or 53,264 shares. Moreover, Quantitative Invest Mngmt Lc has 0.12% invested in Discover Financial Services (NYSE:DFS) for 104,500 shares. 103,300 were reported by Alpine Woods Capital Invsts Llc. Fort Point Cap Prtn Ltd holds 0.2% of its portfolio in Discover Financial Services (NYSE:DFS) for 5,479 shares. Dupont Capital Mgmt Corp accumulated 0.18% or 104,313 shares. Atwood And Palmer Inc invested in 13,550 shares. Pinebridge Invests Limited Partnership reported 138,002 shares. Daiwa Grp has invested 0.03% in Discover Financial Services (NYSE:DFS). 285,785 were reported by Great West Life Assurance Communication Can.

Joshua Nash decreased its stake in Discover Financial Services (DFS) by 23.14% based on its latest 2017Q4 regulatory filing with the SEC. Ulysses Management Llc sold 69,432 shares as the company’s stock declined 8.95% with the market. The hedge fund run by Joshua Nash held 230,568 shares of the consumer services company at the end of 2017Q4, valued at $17.74 million, down from 300,000 at the end of the previous reported quarter. Ulysses Management Llc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $27.16 billion market cap company. The stock increased 0.52% or $0.4 during the last trading session, reaching $77.83. About 1.54 million shares traded. Discover Financial Services (NYSE:DFS) has risen 5.15% since May 17, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Ulysses Management Llc, which manages about $1.47 billion and $940.35M US Long portfolio, upped its stake in Macerich Co (Call) (NYSE:MAC) by 64,900 shares to 464,900 shares, valued at $30.54M in 2017Q4, according to the filing. It also increased its holding in Comcast Corp. Cl A (NASDAQ:CMCSA) by 567,600 shares in the quarter, for a total of 647,600 shares, and has risen its stake in Comcast Corp. Cl A (Call) (NASDAQ:CMCSA).

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on July, 25. They expect $1.84 earnings per share, up 31.43 % or $0.44 from last year’s $1.4 per share. DFS’s profit will be $642.12 million for 10.57 P/E if the $1.84 EPS becomes a reality. After $1.82 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 1.10 % EPS growth.

More recent Discover Financial Services (NYSE:DFS) news were published by: Benzinga.com which released: “Jim Cramer Gives His Opinion On Boston Scientific, Lennar And Discover Financial” on May 17, 2018. Also Seekingalpha.com published the news titled: “More on Discover’s Q1 beat” on April 26, 2018. Bizjournals.com‘s news article titled: “Wells Fargo continues technology investment with new product pilots” with publication date: May 16, 2018 was also an interesting one.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 22 analysts covering Discover Financial (NYSE:DFS), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Discover Financial had 35 analyst reports since December 11, 2017 according to SRatingsIntel. The stock of Discover Financial Services (NYSE:DFS) has “Neutral” rating given on Monday, April 16 by Goldman Sachs. Jefferies maintained Discover Financial Services (NYSE:DFS) rating on Wednesday, January 10. Jefferies has “Buy” rating and $91.0 target. The firm has “Outperform” rating by Credit Suisse given on Thursday, January 25. Barclays Capital maintained it with “Overweight” rating and $94 target in Thursday, January 25 report. Oppenheimer maintained Discover Financial Services (NYSE:DFS) rating on Thursday, April 12. Oppenheimer has “Buy” rating and $8200 target. The firm has “Buy” rating given on Monday, January 8 by RBC Capital Markets. The firm has “Buy” rating given on Monday, December 11 by Wedbush. Wells Fargo maintained Discover Financial Services (NYSE:DFS) rating on Thursday, January 25. Wells Fargo has “Market Perform” rating and $84 target. As per Friday, April 27, the company rating was maintained by JMP Securities. Oppenheimer maintained the stock with “Outperform” rating in Thursday, January 25 report.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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