Discover Financial Services (DFS) Shareholder Diamond Hill Capital Management INC Increased Its Stake as Shares Declined

April 17, 2018 - By Sheila Anderson

Discover Financial Services (NYSE:DFS) Corporate LogoDuring Q4 2017 the big money sentiment increased to 0.87. That’s change of 0.10, from 2017Q3’s 0.77. 51 investors sold all, 266 reduced holdings as DFS ratio is positive. 176 grew stakes while 99 funds amassed stakes. Funds hold 296.68 million shares thus 1.53% less from 2017Q3’s 301.28 million shares. Associated Banc, Alabama-based fund reported 215,542 shs. Norinchukin State Bank The has 0.04% invested in Discover Financial Services (NYSE:DFS) for 27,707 shs. Markston Intl Ltd Liability reported 54,574 shs or 0.43% of all its holdings. Price T Rowe Md holds 764,255 shs. Smithfield Trust Communication holds 0% of its capital in Discover Financial Services (NYSE:DFS) for 80 shs. Barclays Plc reported 0.08% stake. White Pine Invest holds 2.92% or 76,901 shs in its capital. Ally Financial has invested 0.22% in Discover Financial Services (NYSE:DFS). State Of New Jersey Common Pension Fund D owns 0.1% invested in Discover Financial Services (NYSE:DFS) for 337,500 shs. Zeke Capital Advsr Limited Liability Com owns 5,968 shs or 0.05% of their US capital. Caisse De Depot Et Placement Du Quebec has invested 0.08% in Discover Financial Services (NYSE:DFS). Moreover, Texas Permanent School Fund has 0.1% invested in Discover Financial Services (NYSE:DFS) for 99,200 shs. First Manhattan Co holds 0.19% of its capital in Discover Financial Services (NYSE:DFS) for 445,698 shs. Security Natl Co accumulated 1,214 shs or 0.03% of the stock. First Republic Investment Mngmt Inc holds 0.02% of its capital in Discover Financial Services (NYSE:DFS) for 40,770 shs.

Based on the latest 2017Q4 regulatory filing with the SEC, Ric Dillon rose its holdings in Discover Financial Services (DFS) by 3.17%. By buying 222,754 shares Diamond Hill Capital Management Inc made the stock sank with 8.95%. The hedge fund run by Ric Dillon is holding 7.26 million shares, compared to the 7.04 million from the previous quarter. And the reported value of the consumer services company is $558.27M for the 2017Q4. $25.30 billion is the market cap of Discover Financial Services. The stock increased 1.45% or $1.02 during the last trading session, reaching $71.56.Discover Financial Services has volume of 2.01 million shares. Since April 17, 2017 DFS has risen 5.15% and is uptrending. DFS underperformed the S&P 500 by 6.40%.

About $12.19B and $19.96B US Long portfolio the Diamond Hill Capital Management Inc operates. Its stake in Live Nation Entertainment Inc (NYSE:LYV) was reduced by 119,985 shares to 1.02M shares valued at $43.39 million in 2017Q4, according to the filing. For a total of 1.07M shares it reduced its holding in Trinity Industries Inc. (NYSE:TRN) by 112,455 shares in the quarter, and has cut its stake in Apple Inc. (NASDAQ:AAPL).

Discover Financial Services (NYSE:DFS) Ratings Coverage

Total analysts of 24 have positions in Discover Financial Services (NYSE:DFS) as follows: 14 rated it a “Buy”, 1 with “Sell” and 9 with “Hold”. The positive are 58%. Since October 25, 2017 according to StockzIntelligence Inc Discover Financial Services has 37 analyst reports. The stock rating was upgraded by Barclays Capital to “Overweight” on Monday, December 11. On Wednesday, October 25 the firm has “Buy” rating given by Nomura. On Thursday, April 12 Oppenheimer maintained the shares of DFS in report with “Buy” rating. On Thursday, March 29 Barclays Capital maintained Discover Financial Services (NYSE:DFS) with “Overweight” rating. On Monday, December 11 the firm has “Buy” rating by Wedbush given. On Thursday, January 25 the stock of Discover Financial Services (NYSE:DFS) has “In-Line” rating given by Evercore. On Tuesday, January 2 the firm earned “Sell” rating by Stephens. On Thursday, January 25 Wells Fargo maintained Discover Financial Services (NYSE:DFS) rating. Wells Fargo has “Market Perform” rating and $84 target. In Tuesday, January 16 report Sandler O’Neill maintained the stock with “Buy” rating. On Wednesday, October 25 the firm has “Neutral” rating given by Bank of America.

Discover Financial Services (NYSE:DFS) Institutional Investors Chart

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