As Pier 1 Imports (PIR) Shares Declined, Paradigm Capital Management Boosted Position; As Discover Financial Services (DFS) Stock Price Declined, Holder Ameriprise Financial Decreased by $2.60 Million Its Holding

May 25, 2018 - By Michael Collier

Discover Financial Services (NYSE:DFS) Logo

Ameriprise Financial Inc decreased its stake in Discover Financial Services (DFS) by 2.81% based on its latest 2017Q4 regulatory filing with the SEC. Ameriprise Financial Inc sold 34,193 shares as the company’s stock declined 8.95% with the market. The institutional investor held 1.18M shares of the consumer services company at the end of 2017Q4, valued at $91.08M, down from 1.22M at the end of the previous reported quarter. Ameriprise Financial Inc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $26.84 billion market cap company. The stock decreased 0.26% or $0.2 during the last trading session, reaching $76.92. About 1.59 million shares traded. Discover Financial Services (NYSE:DFS) has risen 5.15% since May 25, 2017 and is uptrending. It has underperformed by 6.40% the S&P500.

Paradigm Capital Management Inc increased its stake in Pier 1 Imports Inc. (PIR) by 1260.24% based on its latest 2017Q4 regulatory filing with the SEC. Paradigm Capital Management Inc bought 516,700 shares as the company’s stock declined 30.65% with the market. The institutional investor held 557,700 shares of the consumer services company at the end of 2017Q4, valued at $2.31M, up from 41,000 at the end of the previous reported quarter. Paradigm Capital Management Inc who had been investing in Pier 1 Imports Inc. for a number of months, seems to be bullish on the $191.02M market cap company. The stock increased 2.59% or $0.06 during the last trading session, reaching $2.38. About 822,716 shares traded. Pier 1 Imports, Inc. (NYSE:PIR) has declined 56.25% since May 25, 2017 and is downtrending. It has underperformed by 67.80% the S&P500.

Ameriprise Financial Inc, which manages about $219.26 billion US Long portfolio, upped its stake in Prudential Financial Inc (NYSE:PRU) by 705,440 shares to 3.68M shares, valued at $423.51M in 2017Q4, according to the filing. It also increased its holding in Spdr S&P Bank Etf (KBE) by 97,710 shares in the quarter, for a total of 157,136 shares, and has risen its stake in Ishares U.S. Industrials Etf (IYJ).

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 firm has “Buy” rating given on Thursday, January 7 by Deutsche Bank. As per Wednesday, December 7, the company rating was upgraded by Wedbush. The stock of Discover Financial Services (NYSE:DFS) earned “Overweight” rating by Morgan Stanley on Monday, April 30. Stephens maintained it with “Sell” rating and $73.0 target in Tuesday, January 2 report. The firm has “Market Outperform” rating given on Friday, April 27 by JMP Securities. The firm has “Hold” rating by Stephens given on Monday, April 9. BMO Capital Markets maintained Discover Financial Services (NYSE:DFS) on Thursday, June 1 with “Hold” rating. The rating was maintained by Susquehanna on Thursday, December 28 with “Hold”. RBC Capital Markets maintained Discover Financial Services (NYSE:DFS) rating on Thursday, January 28. RBC Capital Markets has “Top Pick” rating and $68 target. As per Thursday, April 12, the company rating was maintained by Susquehanna.

More news for Discover Financial Services (NYSE:DFS) were recently published by: Seekingalpha.com, which released: “More on Discover’s Q1 beat” on April 26, 2018. Fool.com‘s article titled: “These Companies Gave Bonuses or Raises After Tax Reform” and published on May 24, 2018 is yet another important article.

Investors sentiment increased to 0.87 in 2017 Q4. 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. Vaughan David Investments Il owns 332,380 shares for 1.19% of their portfolio. Wasatch Inc holds 10,289 shares or 0.01% of its portfolio. Calamos Wealth Mngmt Limited Liability Corp accumulated 11,549 shares. San Francisco Sentry (Ca) has 0.06% invested in Discover Financial Services (NYSE:DFS). Md Sass stated it has 55,080 shares. Acadian Asset Mgmt Limited Company reported 0% of its portfolio in Discover Financial Services (NYSE:DFS). Meiji Yasuda Life Company holds 0.29% or 27,490 shares in its portfolio. Fdx Advisors accumulated 19,365 shares. Argent Mgmt Ltd Liability Co has invested 0.03% of its portfolio in Discover Financial Services (NYSE:DFS). Cap Ltd Ltd Liability Company owns 0.01% invested in Discover Financial Services (NYSE:DFS) for 556 shares. Corsair Cap LP has 0.23% invested in Discover Financial Services (NYSE:DFS) for 16,791 shares. Wafra Inv Advisory Grp Inc Ny reported 194,450 shares. Mackenzie Financial reported 991,967 shares stake. Continental Advisors Ltd Liability Corporation has 146,800 shares. Putnam Fl Investment Management reported 0.1% stake.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on July, 25. They expect $1.84 earnings per share, up 31.43% or $0.44 from last year’s $1.4 per share. DFS’s profit will be $642.11 million for 10.45 P/E if the $1.84 EPS becomes a reality. After $1.82 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts 1.10% EPS growth.

Since February 15, 2018, it had 6 buys, and 1 insider sale for $67,552 activity. Another trade for 10,000 shares valued at $23,100 was made by LONDON TERRY E on Friday, April 27.

Paradigm Capital Management Inc, which manages about $1.17 billion US Long portfolio, decreased its stake in Matrix Service Co. (NASDAQ:MTRX) by 20,525 shares to 215,825 shares, valued at $3.84M in 2017Q4, according to the filing. It also reduced its holding in Finisar Corp (NASDAQ:FNSR) by 156,100 shares in the quarter, leaving it with 939,150 shares, and cut its stake in Pcm Inc (NASDAQ:PCMI).

Among 22 analysts covering Pier 1 Imports (NYSE:PIR), 5 have Buy rating, 7 Sell and 10 Hold. Therefore 23% are positive. Pier 1 Imports had 55 analyst reports since August 25, 2015 according to SRatingsIntel. As per Thursday, June 23, the company rating was upgraded by Wolfe Research. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, September 29. The rating was downgraded by Raymond James to “Mkt Perform” on Thursday, September 8. As per Wednesday, December 13, the company rating was maintained by Jefferies. The company was maintained on Friday, April 20 by Morgan Stanley. The stock of Pier 1 Imports, Inc. (NYSE:PIR) earned “Buy” rating by Topeka Capital Markets on Tuesday, May 24. The stock of Pier 1 Imports, Inc. (NYSE:PIR) has “Hold” rating given on Thursday, September 28 by Loop Capital. The firm has “Neutral” rating by Citigroup given on Friday, April 28. Telsey Advisory Group maintained Pier 1 Imports, Inc. (NYSE:PIR) rating on Thursday, December 15. Telsey Advisory Group has “Market Perform” rating and $7 target. Zacks upgraded the stock to “Hold” rating in Tuesday, August 25 report.

Investors sentiment increased to 1.11 in 2017 Q4. Its up 0.17, from 0.94 in 2017Q3. It improved, as 27 investors sold PIR shares while 43 reduced holdings. 33 funds opened positions while 45 raised stakes. 63.61 million shares or 1.71% less from 64.72 million shares in 2017Q3 were reported. Peak6 Invests LP reported 4,631 shares stake. Sei, Pennsylvania-based fund reported 151,688 shares. Integral Derivatives Ltd Limited Liability Company invested in 19,754 shares or 0% of the stock. Adams Asset Advisors Ltd Liability has 150,000 shares for 0.08% of their portfolio. Proshare Limited Liability Corporation invested 0% of its portfolio in Pier 1 Imports, Inc. (NYSE:PIR). Aristotle Cap Boston Ltd Liability Company reported 934,148 shares. Goldman Sachs Group holds 0% of its portfolio in Pier 1 Imports, Inc. (NYSE:PIR) for 525,705 shares. Koch has 0.01% invested in Pier 1 Imports, Inc. (NYSE:PIR) for 20,060 shares. Millennium Ltd Liability Company reported 13,617 shares. Savings Bank Of America De holds 0% or 32,133 shares. Numeric Ltd Limited Liability Company stated it has 0.02% in Pier 1 Imports, Inc. (NYSE:PIR). Raymond James Assocs stated it has 45,706 shares or 0% of all its holdings. Dimensional Fund Advsr LP stated it has 0.01% of its portfolio in Pier 1 Imports, Inc. (NYSE:PIR). Globeflex Cap LP holds 0.01% of its portfolio in Pier 1 Imports, Inc. (NYSE:PIR) for 12,735 shares. Landscape Capital Management Ltd reported 109,511 shares stake.

Pier 1 Imports, Inc. (NYSE:PIR) Institutional Positions Chart

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