Paloma Partners Management Company Lowered Discover Financial Services (DFS) Position by $1.05 Million as Shares Declined; Schwartz Investment Counsel Has Boosted Msc Indl Direct (MSM) Position by $15.38 Million as Stock Price Declined

January 2, 2018 - By marketbeat

Paloma Partners Management Company decreased its stake in Discover Financial Services (DFS) by 36.06% based on its latest 2017Q3 regulatory filing with the SEC. Paloma Partners Management Company sold 16,340 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 28,968 shares of the consumer services company at the end of 2017Q3, valued at $1.87 million, down from 45,308 at the end of the previous reported quarter. Paloma Partners Management Company who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $27.83 billion market cap company. The stock decreased 0.44% or $0.34 during the last trading session, reaching $76.58. About 1.17 million shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since January 2, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Schwartz Investment Counsel Inc increased its stake in Msc Indl Direct Inc (MSM) by 192.31% based on its latest 2017Q3 regulatory filing with the SEC. Schwartz Investment Counsel Inc bought 205,000 shares as the company’s stock declined 18.18% while stock markets rallied. The institutional investor held 311,600 shares of the capital goods company at the end of 2017Q3, valued at $23.55M, up from 106,600 at the end of the previous reported quarter. Schwartz Investment Counsel Inc who had been investing in Msc Indl Direct Inc for a number of months, seems to be bullish on the $5.51 billion market cap company. The stock increased 0.18% or $0.17 during the last trading session, reaching $96.83. About 168,421 shares traded. MSC Industrial Direct Co., Inc. (NYSE:MSM) has risen 18.92% since January 2, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It is negative, as 71 investors sold DFS shares while 261 reduced holdings. 58 funds opened positions while 197 raised stakes. 301.28 million shares or 2.91% less from 310.30 million shares in 2017Q2 were reported. 298,700 are owned by Sentinel Asset Management. Moreover, Aperio Group Ltd Co has 0.09% invested in Discover Financial Services (NYSE:DFS) for 243,475 shares. Advisory Rech Inc, Illinois-based fund reported 223,034 shares. Howe And Rusling holds 0% or 393 shares in its portfolio. Polar Ltd Liability Partnership reported 53,371 shares. M Holding Securities Incorporated accumulated 8,362 shares. Ls Investment Lc holds 263,775 shares or 1.01% of its portfolio. Arvest Bancorporation Trust Division reported 1.35% stake. Fragasso Grp Inc accumulated 12,183 shares. Rockefeller Financial holds 0.01% or 5,280 shares in its portfolio. Bb&T Corp owns 476,029 shares. Tci Wealth Advsr reported 209 shares or 0.01% of all its holdings. Steinberg Glob Asset Management reported 9,675 shares stake. First Midwest Bank & Trust Division reported 33,840 shares. Perigon Wealth Mgmt Ltd Liability Corporation holds 0.04% or 1,989 shares.

Among 30 analysts covering Discover Financial Services (NYSE:DFS), 21 have Buy rating, 0 Sell and 9 Hold. Therefore 70% are positive. Discover Financial Services had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 7 by Deutsche Bank. The firm earned “Buy” rating on Monday, July 17 by Keefe Bruyette & Woods. As per Wednesday, October 5, the company rating was maintained by Deutsche Bank. The stock of Discover Financial Services (NYSE:DFS) earned “Buy” rating by RBC Capital Markets on Wednesday, October 25. The rating was downgraded by JP Morgan to “Neutral” on Thursday, January 14. Bank of America downgraded the stock to “Neutral” rating in Thursday, February 11 report. The rating was maintained by RBC Capital Markets on Thursday, June 29 with “Buy”. The company was maintained on Wednesday, May 4 by Deutsche Bank. Barclays Capital upgraded the stock to “Overweight” rating in Monday, December 11 report. The company was maintained on Wednesday, October 25 by Nomura.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 23. They expect $1.53 EPS, up 9.29% or $0.13 from last year’s $1.4 per share. DFS’s profit will be $555.98 million for 12.51 P/E if the $1.53 EPS becomes a reality. After $1.59 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts -3.77% negative EPS growth.

Paloma Partners Management Company, which manages about $7.27B US Long portfolio, upped its stake in Priceline.Com Inc (Call) (NASDAQ:PCLN) by 600 shares to 3,600 shares, valued at $6.59 million in 2017Q3, according to the filing. It also increased its holding in Delphi Automotive Plc (NYSE:DLPH) by 7,564 shares in the quarter, for a total of 10,369 shares, and has risen its stake in Antero Resources Corp (NYSE:AR).

Investors sentiment decreased to 1.31 in 2017 Q3. Its down 0.02, from 1.33 in 2017Q2. It fall, as 39 investors sold MSM shares while 75 reduced holdings. 49 funds opened positions while 100 raised stakes. 41.32 million shares or 3.65% less from 42.88 million shares in 2017Q2 were reported. Royal Bancorp Of Canada owns 124,641 shares or 0% of their US portfolio. King Luther Capital Management Corp, a Texas-based fund reported 34,170 shares. Confluence Investment Management Limited accumulated 491,590 shares. Teacher Retirement System Of Texas has 3,726 shares. Natixis accumulated 2,969 shares or 0% of the stock. Advantus Management accumulated 5,742 shares. Vanguard Gru reported 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Credit Agricole S A has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Meeder Asset Inc, Ohio-based fund reported 661 shares. Haverford Finance Service invested in 3,104 shares. Brookstone Mngmt reported 4,489 shares stake. Parametric Port Associate Limited Liability Corp holds 0.01% of its portfolio in MSC Industrial Direct Co., Inc. (NYSE:MSM) for 100,169 shares. Arrowstreet Capital Limited Partnership reported 0% of its portfolio in MSC Industrial Direct Co., Inc. (NYSE:MSM). Mason Street Ltd Liability Corporation reported 22,386 shares or 0.04% of all its holdings. Nj State Employees Deferred Compensation Plan invested in 12,000 shares.

Schwartz Investment Counsel Inc, which manages about $1.74 billion and $1.60B US Long portfolio, decreased its stake in Scripps Networks Interact In (NYSE:SNI) by 30,000 shares to 80,000 shares, valued at $6.87 million in 2017Q3, according to the filing. It also reduced its holding in Us Bancorp Del (NYSE:USB) by 50,000 shares in the quarter, leaving it with 404,100 shares, and cut its stake in Cerner Corp (NASDAQ:CERN).

Among 18 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. MSC Industrial Direct Co. had 49 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $104 target in Thursday, January 12 report. The company was maintained on Thursday, July 13 by Robert W. Baird. JP Morgan downgraded MSC Industrial Direct Co., Inc. (NYSE:MSM) on Friday, August 4 to “Neutral” rating. BMO Capital Markets maintained MSC Industrial Direct Co., Inc. (NYSE:MSM) rating on Tuesday, June 6. BMO Capital Markets has “Hold” rating and $9800 target. Susquehanna initiated MSC Industrial Direct Co., Inc. (NYSE:MSM) rating on Monday, September 25. Susquehanna has “Hold” rating and $77.0 target. KeyBanc Capital Markets reinitiated MSC Industrial Direct Co., Inc. (NYSE:MSM) on Tuesday, April 4 with “Sector Weight” rating. As per Friday, August 26, the company rating was initiated by Macquarie Research. The firm has “Neutral” rating given on Tuesday, January 17 by Credit Suisse. KeyBanc Capital Markets initiated MSC Industrial Direct Co., Inc. (NYSE:MSM) rating on Tuesday, July 21. KeyBanc Capital Markets has “Overweight” rating and $85 target. Stifel Nicolaus maintained MSC Industrial Direct Co., Inc. (NYSE:MSM) on Thursday, July 13 with “Hold” rating.

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