Wasatch Advisors Has Decreased Discover Financial Services (DFS) Holding as Stock Price Declined; Exane Derivatives Has Decreased Its American Intl Grp (AIG) Stake by $39.33 Million; Stock Price Declined

April 21, 2018 - By Richard Conner

American International Group, Inc. (NYSE:AIG) Logo

Wasatch Advisors Inc decreased its stake in Discover Financial Services (DFS) by 37.08% based on its latest 2017Q4 regulatory filing with the SEC. Wasatch Advisors Inc sold 6,063 shares as the company’s stock declined 8.95% with the market. The institutional investor held 10,289 shares of the consumer services company at the end of 2017Q4, valued at $791,000, down from 16,352 at the end of the previous reported quarter. Wasatch Advisors Inc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $25.92 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $73.32. About 2.46M shares traded or 11.45% up from the average. Discover Financial Services (NYSE:DFS) has risen 5.15% since April 21, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Exane Derivatives decreased its stake in American Intl Grp (AIG) by 58.2% based on its latest 2017Q4 regulatory filing with the SEC. Exane Derivatives sold 660 shares as the company’s stock declined 9.32% with the market. The institutional investor held 474 shares of the finance company at the end of 2017Q4, valued at $28.25M, down from 1,134 at the end of the previous reported quarter. Exane Derivatives who had been investing in American Intl Grp for a number of months, seems to be less bullish one the $50.06B market cap company. The stock increased 0.45% or $0.25 during the last trading session, reaching $55.43. About 5.00M shares traded. American International Group, Inc. (NYSE:AIG) has declined 11.73% since April 21, 2017 and is downtrending. It has underperformed by 23.28% 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. Deutsche Bank maintained the shares of DFS in report on Thursday, February 18 with “Hold” rating. The firm has “Sell” rating given on Tuesday, March 27 by UBS. The stock of Discover Financial Services (NYSE:DFS) has “Buy” rating given on Wednesday, October 25 by Nomura. The rating was maintained by Deutsche Bank on Wednesday, May 4 with “Buy”. RBC Capital Markets maintained Discover Financial Services (NYSE:DFS) on Wednesday, July 20 with “Top Pick” rating. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, June 1. The stock has “Outperform” rating by Oppenheimer on Wednesday, October 21. The rating was maintained by Wells Fargo with “Hold” on Tuesday, January 9. The company was maintained on Tuesday, January 16 by Sandler O’Neill. Jefferies maintained Discover Financial Services (NYSE:DFS) on Wednesday, January 10 with “Buy” rating.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on April, 26 after the close. They expect $1.82 EPS, up 27.27% or $0.39 from last year’s $1.43 per share. DFS’s profit will be $643.45M for 10.07 P/E if the $1.82 EPS becomes a reality. After $1.55 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 17.42% EPS growth.

Investors sentiment increased to 0.87 in 2017 Q4. 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. Highvista Strategies Ltd Liability accumulated 3,700 shares or 0.08% of the stock. Jane Street Limited Company holds 0% of its portfolio in Discover Financial Services (NYSE:DFS) for 14,766 shares. Cranbrook Wealth Mgmt Llc invested in 0% or 9 shares. Nomura Asset Mngmt Limited, a Japan-based fund reported 54,273 shares. Oppenheimer Com reported 42,886 shares. Parsec Fincl Mgmt reported 79,521 shares. Commercial Bank Of America Corporation De invested in 0.02% or 1.72M shares. Dupont Cap holds 104,313 shares. Raymond James Svcs Advsrs invested in 36,571 shares. Lau Associates Limited Liability Company reported 20,200 shares. Johnson Fincl reported 5,526 shares stake. Weatherstone Cap Mgmt reported 2,983 shares. Great West Life Assurance Can reported 0.05% of its portfolio in Discover Financial Services (NYSE:DFS). Gator Capital Mngmt Limited Liability stated it has 0.27% of its portfolio in Discover Financial Services (NYSE:DFS). North Star Asset Management Incorporated holds 0.33% in Discover Financial Services (NYSE:DFS) or 47,325 shares.

Wasatch Advisors Inc, which manages about $19.28B and $7.54 billion US Long portfolio, upped its stake in Five Below Inc. (NASDAQ:FIVE) by 144,473 shares to 2.08 million shares, valued at $138.06 million in 2017Q4, according to the filing. It also increased its holding in State Bank Financial Corp. (NASDAQ:STBZ) by 222,904 shares in the quarter, for a total of 518,583 shares, and has risen its stake in China Biologic Products Holdin.

Since February 15, 2018, it had 0 buys, and 2 insider sales for $331,484 activity. On Thursday, February 15 the insider Macartney Claudine sold $122,320.

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.09, from 0.79 in 2017Q3. It dived, as 85 investors sold AIG shares while 290 reduced holdings. 74 funds opened positions while 189 raised stakes. 747.27 million shares or 0.10% less from 748.00 million shares in 2017Q3 were reported. Solutions Ltd Liability reported 22 shares. Bp Public Limited owns 75,000 shares. 75,416 were reported by Rothschild Inv Il. Cibc Comml Bank Usa holds 0.08% of its portfolio in American International Group, Inc. (NYSE:AIG) for 10,258 shares. 20 are owned by Point72 Asia (Hong Kong). Raymond James Assoc, Florida-based fund reported 248,006 shares. State Of New Jersey Common Pension Fund D reported 1.44M shares. Asset holds 0.05% or 6,301 shares in its portfolio. Quantitative Systematic Strategies Limited invested in 0.35% or 22,822 shares. Intrust Bankshares Na stated it has 0.08% in American International Group, Inc. (NYSE:AIG). Tradition Cap Limited owns 41,954 shares. State Street holds 41.12 million shares or 0.2% of its portfolio. First Commonwealth Corporation Pa reported 10,010 shares. Zeke Capital Advsrs Lc has 19,780 shares for 0.12% of their portfolio. Liberty Mutual Group Asset Management stated it has 0.06% in American International Group, Inc. (NYSE:AIG).

Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 6 Hold. Therefore 62% are positive. American International Group had 76 analyst reports since August 5, 2015 according to SRatingsIntel. Credit Suisse initiated American International Group, Inc. (NYSE:AIG) on Friday, October 7 with “Neutral” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, December 4. The firm earned “Buy” rating on Friday, February 9 by Bank of America. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, September 5. Avondale downgraded the shares of AIG in report on Wednesday, November 4 to “Underperform” rating. Buckingham Research initiated American International Group, Inc. (NYSE:AIG) rating on Monday, September 11. Buckingham Research has “Sell” rating and $52.0 target. The rating was maintained by Morgan Stanley with “Buy” on Tuesday, October 10. The firm has “Outperform” rating given on Tuesday, February 16 by RBC Capital Markets. As per Tuesday, March 22, the company rating was upgraded by Atlantic Securities.

Exane Derivatives, which manages about $580.60 billion US Long portfolio, upped its stake in Hess (NYSE:HES) by 1,395 shares to 3,536 shares, valued at $167.94M in 2017Q4, according to the filing. It also increased its holding in Ishares Nasdaq Bio (IBB) by 334 shares in the quarter, for a total of 456 shares, and has risen its stake in Vail Resorts (NYSE:MTN).

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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