Avalon Advisors LLC Holding in Discover Financial Services (DFS) Upped by $34.24 Million

Discover Financial Services (NYSE:DFS) LogoInvestors sentiment increased to 0.81 in Q4 2018. Its up 0.01, from 0.8 in 2018Q3. It increased, as 61 investors sold DFS shares while 259 reduced holdings. 69 funds opened positions while 190 raised stakes. 277.98 million shares or 0.83% less from 280.30 million shares in 2018Q3 were reported. Connor Clark And Lunn Mngmt owns 76,200 shares. Japan-based Asset Management One Com has invested 0.08% in Discover Financial Services (NYSE:DFS). Moreover, Wms Ptnrs Limited Liability Company has 0.07% invested in Discover Financial Services (NYSE:DFS). Umb National Bank N A Mo has invested 0.01% in Discover Financial Services (NYSE:DFS). 12,782 are owned by Cadence Cap Management Ltd Company. Sirios Mgmt Ltd Partnership has 32,258 shares. Btim stated it has 0.41% in Discover Financial Services (NYSE:DFS). Moreover, Deutsche State Bank Ag has 0.11% invested in Discover Financial Services (NYSE:DFS). Greenleaf reported 4,290 shares or 0.01% of all its holdings. Bessemer Group Inc owns 3.80 million shares. Utah Retirement holds 0.08% or 63,491 shares in its portfolio. Clear Harbor Asset Management Ltd Limited Liability Company holds 73,088 shares. Metropolitan Life Company New York owns 56,243 shares or 0.07% of their US portfolio. Mutual Of America Capital Mgmt Lc holds 65,010 shares. Huntington National Bank & Trust has invested 0.01% of its portfolio in Discover Financial Services (NYSE:DFS).

Avalon Advisors Llc increased its stake in Discover Financial Services (DFS) by 3335.75% based on its latest 2018Q4 regulatory filing with the SEC. Avalon Advisors Llc bought 590,428 shares as the company’s stock declined 0.85% while stock markets rallied. The hedge fund held 608,128 shares of the consumer services company at the end of 2018Q4, valued at $35.87 million, up from 17,700 at the end of the previous reported quarter. Avalon Advisors Llc who had been investing in Discover Financial Services for a number of months, seems to be bullish on the $24.30 billion market cap company. The stock decreased 1.15% or $0.87 during the last trading session, reaching $75.06. About 416,294 shares traded. Discover Financial Services (NYSE:DFS) has declined 5.01% since May 31, 2018 and is downtrending. It has underperformed by 9.38% the S&P500.

Avalon Advisors Llc, which manages about $4.06B and $3.87B US Long portfolio, decreased its stake in General Mills Inc (NYSE:GIS) by 349,835 shares to 7,827 shares, valued at $305,000 in 2018Q4, according to the filing. It also reduced its holding in Bristol (NYSE:BMY) by 249,934 shares in the quarter, leaving it with 14,989 shares, and cut its stake in Suntrust Banks Inc (NYSE:STI).

More notable recent Discover Financial Services (NYSE:DFS) news were published by: Businesswire.com which released: “Discover Financial Services to Present at Morgan Stanley Financials Conference – Business Wire” on May 21, 2019, also Businesswire.com with their article: “Discover Named Best Place to Work for LGBTQ Equality Six Years in a Row – Business Wire” published on May 01, 2019, Benzinga.com published: “What To Look For In A Travel Rewards Credit Card – Benzinga” on May 30, 2019. More interesting news about Discover Financial Services (NYSE:DFS) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Amex, Bristol-Myers, Celgene, Cognizant, EA, Fortinet, Lyft, Target, Tilray, Walmart and More – 24/7 Wall St.” published on May 03, 2019 as well as Benzinga.com‘s news article titled: “10 Banks Offering Free Checking – Benzinga” with publication date: May 28, 2019.

Discover Financial Services (NYSE:DFS) Ratings Coverage

Among 4 analysts covering Discover Financial (NYSE:DFS), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Discover Financial had 5 analyst reports since March 6, 2019 according to SRatingsIntel. Nomura maintained Discover Financial Services (NYSE:DFS) rating on Friday, April 26. Nomura has “Buy” rating and $8600 target. RBC Capital Markets reinitiated the shares of DFS in report on Friday, May 3 with “Outperform” rating. The firm earned “Market Outperform” rating on Thursday, April 4 by JMP Securities. Morgan Stanley maintained the shares of DFS in report on Wednesday, March 6 with “Overweight” rating.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

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