Comerica Bank Has Decreased Its Discover Finl Svcs (DFS) Position; 2 Analysts Are Bullish Canaccord Genuity Group Inc. (TSE:CF) Last Week

April 20, 2018 - By Clifton Ray

Canaccord Genuity Group Inc. (TSE:CF) Logo

Comerica Bank decreased Discover Finl Svcs (DFS) stake by 11.68% reported in 2017Q4 SEC filing. Comerica Bank sold 12,117 shares as Discover Finl Svcs (DFS)’s stock declined 8.95%. The Comerica Bank holds 91,641 shares with $7.22M value, down from 103,758 last quarter. Discover Finl Svcs now has $25.92B valuation. The stock increased 0.04% or $0.03 during the last trading session, reaching $73.32. About 427,544 shares traded. Discover Financial Services (NYSE:DFS) has risen 5.15% since April 20, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Among 4 analysts covering Canaccord Financial Inc. (TSE:CF), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Canaccord Financial Inc. had 17 analyst reports since October 23, 2015 according to SRatingsIntel. The stock of Canaccord Genuity Group Inc. (TSE:CF) earned “Hold” rating by TD Securities on Tuesday, February 9. The rating was maintained by Scotia Capital on Thursday, March 30 with “Sector Perform”. The rating was upgraded by TD Securities on Monday, June 5 to “Buy”. The firm has “Outperform” rating by National Bank Canada given on Friday, May 6. Scotia Capital maintained the stock with “Outperform” rating in Friday, February 10 report. Scotia Capital maintained it with “Outperform” rating and $6 target in Wednesday, November 2 report. The stock of Canaccord Genuity Group Inc. (TSE:CF) earned “Sector Perform” rating by National Bank Canada on Friday, November 6. The firm earned “Outperform” rating on Friday, June 3 by Scotia Capital. See Canaccord Genuity Group Inc. (TSE:CF) latest ratings:

Canaccord Genuity Group Inc., an independent and full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. The company has market cap of $553.70 million. It operates in two divisions, Canaccord Genuity and Canaccord Genuity Wealth Management. It has a 14.6 P/E ratio. The Canaccord Genuity segment offers investment banking, advisory, sales and research, and trading services.

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.04, from 0.88 in 2017Q3. It dived, as 40 investors sold Canaccord Genuity Group Inc. shares while 158 reduced holdings. 66 funds opened positions while 101 raised stakes. 229.56 million shares or 8.37% less from 250.53 million shares in 2017Q3 were reported. Sumitomo Mitsui Tru holds 0.04% or 650,299 shares in its portfolio. Buckhead Capital Management Ltd Llc reported 147,160 shares. 10,510 are held by Bluestein R H And Company. Voya Inv Mngmt Ltd has 0.01% invested in Canaccord Genuity Group Inc. (TSE:CF) for 120,761 shares. Winslow Evans Crocker owns 0% invested in Canaccord Genuity Group Inc. (TSE:CF) for 346 shares. Psagot House Ltd owns 0% invested in Canaccord Genuity Group Inc. (TSE:CF) for 3 shares. Ngam Advsr Lp stated it has 0.01% of its portfolio in Canaccord Genuity Group Inc. (TSE:CF). Millennium Limited Liability Company holds 0% or 83,453 shares. Sei Invs accumulated 312,587 shares. Vanguard Gru Incorporated accumulated 24.71 million shares. Cedar Hill Associates Ltd Liability Company holds 161,287 shares or 1.19% of its portfolio. Corecommodity Management Ltd Com has 0.13% invested in Canaccord Genuity Group Inc. (TSE:CF). Contravisory Mgmt Inc reported 0.13% of its portfolio in Canaccord Genuity Group Inc. (TSE:CF). Strs Ohio invested in 0% or 2,934 shares. Schwab Charles Invest Mngmt holds 0.04% of its portfolio in Canaccord Genuity Group Inc. (TSE:CF) for 1.31M shares.

The stock decreased 1.64% or $0.1 during the last trading session, reaching $6. About 219,508 shares traded. Canaccord Genuity Group Inc. (TSE:CF) has 0.00% since April 20, 2017 and is . It has underperformed by 11.55% the S&P500.

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 stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Thursday, June 29 by RBC Capital Markets. The rating was upgraded by Argus Research to “Buy” on Wednesday, December 16. Goldman Sachs maintained it with “Buy” rating and $63 target in Wednesday, April 20 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 23. BMO Capital Markets maintained it with “Hold” rating and $70 target in Thursday, June 1 report. Barclays Capital downgraded Discover Financial Services (NYSE:DFS) rating on Wednesday, September 7. Barclays Capital has “Equal-Weight” rating and $43 target. JMP Securities initiated Discover Financial Services (NYSE:DFS) on Tuesday, December 22 with “Outperform” rating. The company was maintained on Thursday, March 29 by Barclays Capital. The stock has “In-Line” rating by Evercore on Thursday, January 25. The firm earned “Buy” rating on Wednesday, July 26 by Oppenheimer.

Comerica Bank increased Energy Technology Select Sector (XLK) stake by 18,878 shares to 78,487 valued at $5.36 million in 2017Q4. It also upped Great Westn Bancorp Inc (NYSE:GWB) stake by 53,236 shares and now owns 229,444 shares. Descartes Sys Group Inc (NASDAQ:DSGX) was raised too.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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