Columbus Hill Capital Management LP Increases Holding in Discover Finl Svcs (DFS); Laffer Investments Has Decreased Its Stake in United Parcel Services (UPS) as Stock Value Declined

May 19, 2018 - By Dolores Ford

United Parcel Service, Inc. (NYSE:UPS) Logo

Kevin D. Eng increased its stake in Discover Finl Svcs (DFS) by 49.26% based on its latest 2017Q4 regulatory filing with the SEC. Columbus Hill Capital Management Lp bought 346,189 shares as the company’s stock declined 8.95% with the market. The hedge fund run by Kevin D. Eng held 1.05 million shares of the consumer services company at the end of 2017Q4, valued at $80.69 million, up from 702,850 at the end of the previous reported quarter. Columbus Hill Capital Management Lp who had been investing in Discover Finl Svcs for a number of months, seems to be bullish on the $26.95 billion market cap company. The stock decreased 0.77% or $0.6 during the last trading session, reaching $77.23. About 1.39 million shares traded. Discover Financial Services (NYSE:DFS) has risen 5.15% since May 19, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Laffer Investments decreased its stake in United Parcel Services (UPS) by 8.59% based on its latest 2017Q4 regulatory filing with the SEC. Laffer Investments sold 609 shares as the company’s stock declined 13.88% with the market. The institutional investor held 6,481 shares of the transportation company at the end of 2017Q4, valued at $772.21M, down from 7,090 at the end of the previous reported quarter. Laffer Investments who had been investing in United Parcel Services for a number of months, seems to be less bullish one the $99.42B market cap company. The stock decreased 0.26% or $0.3 during the last trading session, reaching $115.38. About 2.45 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has declined 2.49% since May 19, 2017 and is downtrending. It has underperformed by 14.04% the S&P500.

Investors sentiment increased to 0.87 in Q4 2017. Its up 0.10, from 0.77 in 2017Q3. It improved, 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. Richard Bernstein Advsr Ltd Liability Corp reported 51,885 shares stake. Pnc Finance Grp invested in 0.04% or 572,112 shares. First Tru Advsrs Ltd Partnership reported 0.07% in Discover Financial Services (NYSE:DFS). Palladium Limited Liability Company holds 1.19% or 213,416 shares in its portfolio. Citadel Advisors Ltd Com owns 48,264 shares or 0% of their US portfolio. 61,202 were reported by Ameritas Invest Prtnrs. Whitnell And has 0.51% invested in Discover Financial Services (NYSE:DFS) for 15,674 shares. Copeland Capital Management Ltd Co stated it has 1.16% in Discover Financial Services (NYSE:DFS). First Allied Advisory Svcs Inc reported 18,881 shares stake. Rampart Invest Limited Liability Company holds 5,040 shares. Canada Pension Plan Investment Board accumulated 339,144 shares or 0.05% of the stock. Engines Advsr Limited Company holds 0% or 19 shares in its portfolio. Sei Co holds 0.07% or 257,848 shares in its portfolio. Colony Gp Llc reported 30,927 shares. 3,179 are owned by M Secs.

Among 33 analysts covering Discover Financial Services (NYSE:DFS), 21 have Buy rating, 0 Sell and 12 Hold. Therefore 64% are positive. Discover Financial Services had 102 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by RBC Capital Markets on Wednesday, October 25. Bank of America maintained it with “Neutral” rating and $69 target in Wednesday, October 25 report. The firm has “Buy” rating given on Tuesday, April 11 by Wood. Bernstein maintained the shares of DFS in report on Wednesday, April 20 with “Outperform” rating. The rating was upgraded by Bank of America on Monday, December 18 to “Buy”. The stock of Discover Financial Services (NYSE:DFS) earned “Top Pick” rating by RBC Capital Markets on Wednesday, July 20. Wells Fargo initiated the shares of DFS in report on Tuesday, October 10 with “Hold” rating. The rating was upgraded by Bank of America to “Buy” on Thursday, December 15. The firm has “Buy” rating by Wood given on Monday, May 15. Oppenheimer maintained the shares of DFS in report on Tuesday, October 6 with “Outperform” rating.

Columbus Hill Capital Management Lp, which manages about $1.68 billion and $1.56B US Long portfolio, decreased its stake in Telecom Argentina S A (NYSE:TEO) by 32,400 shares to 510,238 shares, valued at $18.69M in 2017Q4, according to the filing. It also reduced its holding in Dish Network Corp (NASDAQ:DISH) by 43,251 shares in the quarter, leaving it with 319,690 shares, and cut its stake in Energy Transfer Equity LP (NYSE:ETE).

More recent Discover Financial Services (NYSE:DFS) news were published by: Benzinga.com which released: “Jim Cramer Gives His Opinion On Boston Scientific, Lennar And Discover Financial” on May 17, 2018. Also Fool.com published the news titled: “Has PayPal Met Its Match?” on May 19, 2018. Seekingalpha.com‘s news article titled: “More on Discover’s Q1 beat” with publication date: April 26, 2018 was also an interesting one.

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.09, from 1.14 in 2017Q3. It is positive, as 59 investors sold UPS shares while 372 reduced holdings. 107 funds opened positions while 422 raised stakes. 448.80 million shares or 0.57% less from 451.38 million shares in 2017Q3 were reported. 13,199 are held by Ifc Fl. Adage Capital Prtn Gru Limited Liability Co accumulated 0.23% or 842,400 shares. Strategic Advsrs Ltd Company holds 0.65% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 13,292 shares. Cambiar Limited Com owns 0.9% invested in United Parcel Service, Inc. (NYSE:UPS) for 484,458 shares. Davis R M holds 3,092 shares or 0.01% of its portfolio. Cape Cod Five Cents State Bank accumulated 2,746 shares. Nuance Invs Limited Com reported 182,459 shares. Nelson Van Denburg & Campbell Wealth Management Gp Limited Company reported 9,400 shares. Pnc Services Grp reported 0.16% in United Parcel Service, Inc. (NYSE:UPS). Optimum Inv Advisors reported 0.7% stake. Fulton Bancorp Na accumulated 15,336 shares. Tower Bridge Advsrs holds 0.04% or 2,801 shares in its portfolio. The Alabama-based Weiss Multi has invested 0.27% in United Parcel Service, Inc. (NYSE:UPS). Ing Groep Nv reported 184,518 shares. 18,007 were accumulated by Hl Service Ltd Liability.

Laffer Investments, which manages about $614.32 million and $399.05B US Long portfolio, upped its stake in Bunge Ltd. Perpetual Conv Pfd (BGEPF) by 65 shares to 18,894 shares, valued at $1.96 billion in 2017Q4, according to the filing. It also increased its holding in Crown Castle Int Corp by 14 shares in the quarter, for a total of 3,294 shares, and has risen its stake in Hess Corp.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Bizjournals.com which released: “UPS finishes one of its largest infrastructure investments outside the US” on May 14, 2018, also Globenewswire.com with their article: “CR Magazine Names UPS A “Best Corporate Citizen” Ninth Year In Row” published on May 07, 2018, Globenewswire.com published: “UPS Board Announces Quarterly Dividend” on April 25, 2018. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Globenewswire.com and their article: “UPS Facility Technology Wins Prestigious Innovation Award” published on May 10, 2018 as well as Livetradingnews.com‘s news article titled: “UPS (NYSE:UPS) Opens London Hub” with publication date: May 17, 2018.

Since February 26, 2018, it had 0 buys, and 2 insider sales for $650,730 activity. $480,600 worth of United Parcel Service, Inc. (NYSE:UPS) was sold by McClure Teri P on Monday, February 26.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on July, 26. They expect $1.90 earnings per share, up 20.25% or $0.32 from last year’s $1.58 per share. UPS’s profit will be $1.64 billion for 15.18 P/E if the $1.90 EPS becomes a reality. After $1.55 actual earnings per share reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts 22.58% EPS growth.

Discover Financial Services (NYSE:DFS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Dolores Ford

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: