As Discover Finl Svcs (DFS) Market Value Declined, Bank Of The West Has Raised Holding; Rockshelter Capital Management Stake in Kinross Gold Corp. (KGC) Boosted by $1.30 Million as Market Valuation Declined

April 25, 2018 - By Darrin Black

Discover Financial Services (NYSE:DFS) Logo

Bank Of The West increased its stake in Discover Finl Svcs (DFS) by 62.83% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of The West bought 18,102 shares as the company’s stock declined 8.95% with the market. The institutional investor held 46,914 shares of the consumer services company at the end of 2017Q4, valued at $3.61 million, up from 28,812 at the end of the previous reported quarter. Bank Of The West who had been investing in Discover Finl Svcs for a number of months, seems to be bullish on the $25.45 billion market cap company. The stock decreased 1.26% or $0.915 during the last trading session, reaching $71.985. About 2.75M shares traded or 25.88% up from the average. Discover Financial Services (NYSE:DFS) has risen 5.15% since April 25, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Rockshelter Capital Management Llc increased its stake in Kinross Gold Corp. (KGC) by 34.02% based on its latest 2017Q4 regulatory filing with the SEC. Rockshelter Capital Management Llc bought 325,110 shares as the company’s stock declined 6.82% with the market. The institutional investor held 1.28M shares of the precious metals company at the end of 2017Q4, valued at $5.53M, up from 955,585 at the end of the previous reported quarter. Rockshelter Capital Management Llc who had been investing in Kinross Gold Corp. for a number of months, seems to be bullish on the $4.90B market cap company. The stock decreased 0.26% or $0.01 during the last trading session, reaching $3.9. About 5.24M shares traded. Kinross Gold Corporation (NYSE:KGC) has risen 13.79% since April 25, 2017 and is uptrending. It has outperformed by 2.24% the S&P500.

Bank Of The West, which manages about $798.51 million US Long portfolio, decreased its stake in Monster Beverage Corp New by 7,594 shares to 80,759 shares, valued at $5.11M in 2017Q4, according to the filing. It also reduced its holding in Dbx Etf Tr (DBEU) by 246,206 shares in the quarter, leaving it with 223,004 shares, and cut its stake in Kroger Co (NYSE:KR).

Investors sentiment increased to 0.87 in Q4 2017. Its up 0.10, from 0.77 in 2017Q3. It increased, 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. Burns J W Company New York holds 7,691 shares or 0.15% of its portfolio. First Allied Advisory holds 0.06% in Discover Financial Services (NYSE:DFS) or 18,881 shares. Pub Sector Pension Invest Board holds 181,928 shares or 0.09% of its portfolio. Univest Corp Of Pennsylvania holds 1.81% or 58,518 shares. Conning Incorporated holds 0.02% or 9,746 shares. Ativo Capital Ltd Liability Corporation holds 0.2% or 9,668 shares. 154,773 are owned by Public Employees Retirement Sys Of Ohio. 1,182 are owned by Trust Communication Of Vermont. Peregrine Asset Advisers invested in 3,045 shares. Bb&T reported 451,107 shares or 0.65% of all its holdings. Asset Mngmt Incorporated accumulated 31,557 shares or 0.08% of the stock. Baystate Wealth Mngmt Ltd Limited Liability Company holds 361 shares or 0% of its portfolio. Regentatlantic Lc has 0.25% invested in Discover Financial Services (NYSE:DFS). Stifel Corp, a Missouri-based fund reported 1.48M shares. Cibc Incorporated has 0% invested in Discover Financial Services (NYSE:DFS) for 6,219 shares.

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. Susquehanna maintained Discover Financial Services (NYSE:DFS) on Thursday, April 12 with “Hold” rating. The firm earned “Overweight” rating on Monday, December 11 by Barclays Capital. The firm earned “Top Pick” rating on Wednesday, July 20 by RBC Capital Markets. On Friday, September 8 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, April 16. The firm has “Buy” rating given on Tuesday, June 13 by Keefe Bruyette & Woods. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Tuesday, October 10 by Wells Fargo. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, October 25. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, October 21. The rating was maintained by Sandler O’Neill with “Buy” on Tuesday, January 16.

Rockshelter Capital Management Llc, which manages about $455.00 million and $312.72M US Long portfolio, decreased its stake in Apple Inc. (NASDAQ:AAPL) by 2,277 shares to 60,670 shares, valued at $10.27M in 2017Q4, according to the filing. It also reduced its holding in Class C by 437 shares in the quarter, leaving it with 18,064 shares, and cut its stake in Bank Of New York Mellon Corp (NYSE:BK).

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Kinross Gold Corporation had 64 analyst reports since July 24, 2015 according to SRatingsIntel. Macquarie Research upgraded Kinross Gold Corporation (NYSE:KGC) on Friday, November 10 to “Outperform” rating. BMO Capital Markets upgraded Kinross Gold Corporation (NYSE:KGC) rating on Monday, May 29. BMO Capital Markets has “Buy” rating and $500 target. TD Securities upgraded the stock to “Buy” rating in Thursday, March 31 report. The rating was maintained by Jefferies on Thursday, October 19 with “Hold”. On Monday, October 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock has “Hold” rating by Jefferies on Monday, September 18. The stock has “Sector Perform” rating by IBC on Friday, July 24. The stock has “Buy” rating by RBC Capital Markets on Monday, June 12. The stock has “Buy” rating by Bank of America on Tuesday, May 23. On Wednesday, September 7 the stock rating was initiated by Berenberg with “Hold”.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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