Columbus Hill Capital Management LP Position in Discover Finl Svcs (DFS) Has Boosted as Share Price Declined; Carl Domino Holding in V F (VFC) Upped by $363,510 as Shares Declined

January 19, 2018 - By Peter Erickson

Kevin D. Eng increased its stake in Discover Finl Svcs (DFS) by 741.32% based on its latest 2017Q3 regulatory filing with the SEC. Columbus Hill Capital Management Lp bought 619,309 shares as the company’s stock declined 15.69% while stock markets rallied. The hedge fund run by Kevin D. Eng held 702,850 shares of the consumer services company at the end of 2017Q3, valued at $45.32 million, up from 83,541 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 $28.23B market cap company. The stock decreased 0.70% or $0.545 during the last trading session, reaching $77.675. About 2.30M shares traded or 1.87% up from the average. Discover Financial Services (NYSE:DFS) has risen 10.42% since January 19, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Carl Domino Inc increased its stake in V F Corp (VFC) by 35.96% based on its latest 2017Q3 regulatory filing with the SEC. Carl Domino Inc bought 5,770 shares as the company’s stock declined 0.53% while stock markets rallied. The institutional investor held 21,815 shares of the apparel company at the end of 2017Q3, valued at $1.39 million, up from 16,045 at the end of the previous reported quarter. Carl Domino Inc who had been investing in V F Corp for a number of months, seems to be bullish on the $31.38 billion market cap company. The stock increased 1.25% or $0.98 during the last trading session, reaching $79.41. About 1.02 million shares traded. V.F. Corporation (NYSE:VFC) has declined 13.07% since January 19, 2017 and is downtrending. It has underperformed by 29.77% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It fall, 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. Diamond Hill Mgmt stated it has 2.39% in Discover Financial Services (NYSE:DFS). Korea Inv reported 569,196 shares stake. Jarislowsky Fraser Limited reported 28,534 shares. Tdam Usa Inc accumulated 140,614 shares or 0.53% of the stock. Utah Retirement Sys holds 0.1% or 68,091 shares in its portfolio. The Wisconsin-based Thompson Invest Incorporated has invested 0.75% in Discover Financial Services (NYSE:DFS). F&V Cap Mngmt Ltd Liability Company reported 0.13% of its portfolio in Discover Financial Services (NYSE:DFS). Tarbox Family Office has 0.01% invested in Discover Financial Services (NYSE:DFS) for 253 shares. Kentucky Retirement Fund invested in 10,053 shares. Oregon Pub Employees Retirement Fund has invested 0.04% in Discover Financial Services (NYSE:DFS). 5,608 are owned by Cutter & Company Brokerage. First Fincl In reported 0.02% in Discover Financial Services (NYSE:DFS). Ig stated it has 0.6% of its portfolio in Discover Financial Services (NYSE:DFS). Huntington Commercial Bank holds 0.01% in Discover Financial Services (NYSE:DFS) or 5,834 shares. Alley invested in 39,654 shares.

Among 32 analysts covering Discover Financial Services (NYSE:DFS), 22 have Buy rating, 1 Sell and 9 Hold. Therefore 69% are positive. Discover Financial Services had 78 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Friday, September 8 by Morgan Stanley. The stock of Discover Financial Services (NYSE:DFS) earned “Neutral” rating by Bank of America on Wednesday, October 25. Jefferies maintained it with “Buy” rating and $7500 target in Thursday, July 27 report. The firm has “Buy” rating given on Wednesday, May 4 by Deutsche Bank. The stock has “Hold” rating by Evercore on Tuesday, December 22. The firm has “Neutral” rating by Macquarie Research given on Wednesday, May 11. The stock of Discover Financial Services (NYSE:DFS) has “Outperform” rating given on Wednesday, October 21 by Oppenheimer. The firm has “Hold” rating given on Wednesday, April 12 by BMO Capital Markets. On Wednesday, September 7 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. RBC Capital Markets maintained Discover Financial Services (NYSE:DFS) on Thursday, January 28 with “Top Pick” rating.

Columbus Hill Capital Management Lp, which manages about $1.68 billion and $1.40 billion US Long portfolio, decreased its stake in Cigna Corporation (NYSE:CI) by 9,994 shares to 189,845 shares, valued at $35.49M in 2017Q3, according to the filing. It also reduced its holding in Time Warner Inc (NYSE:TWX) by 115,158 shares in the quarter, leaving it with 255,858 shares, and cut its stake in Bristol Myers Squibb Co (NYSE:BMY).

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.15, from 0.93 in 2017Q2. It improved, as 42 investors sold VFC shares while 233 reduced holdings. 85 funds opened positions while 211 raised stakes. 395.35 million shares or 2.44% less from 405.25 million shares in 2017Q2 were reported. Old Mutual Invsts (Uk) accumulated 249,289 shares. Whittier Of Nevada owns 0.11% invested in V.F. Corporation (NYSE:VFC) for 18,077 shares. 20,559 were accumulated by Bessemer Group Inc. J Goldman & Ltd Partnership holds 4,000 shares. Van Eck Associate Corporation owns 540,023 shares. Oppenheimer And Incorporated reported 57,180 shares or 0.1% of all its holdings. Mcf Limited Com has invested 0% of its portfolio in V.F. Corporation (NYSE:VFC). Metropolitan Life Insurance Co owns 166,094 shares. Missouri-based Fin Svcs has invested 0.03% in V.F. Corporation (NYSE:VFC). Pnc Fin reported 9.21% in V.F. Corporation (NYSE:VFC). Moreover, Denver Inv Lc has 0.54% invested in V.F. Corporation (NYSE:VFC). Moreover, One Association has 0.02% invested in V.F. Corporation (NYSE:VFC) for 3,430 shares. Sg Americas Limited Liability Corp reported 0.01% stake. Pillar Pacific Capital Management Lc accumulated 76,997 shares. Pub Employees Retirement Association Of Colorado owns 60,207 shares or 0.03% of their US portfolio.

Carl Domino Inc, which manages about $237.47M and $81.96 million US Long portfolio, decreased its stake in Brocade Communications Sys I (NASDAQ:BRCD) by 33,500 shares to 17,250 shares, valued at $206,000 in 2017Q3, according to the filing.

Among 28 analysts covering V.F. Corp (NYSE:VFC), 10 have Buy rating, 1 Sell and 17 Hold. Therefore 36% are positive. V.F. Corp had 95 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Hold” on Monday, July 17. The stock has “Hold” rating by Piper Jaffray on Monday, August 14. The firm has “Hold” rating by Stifel Nicolaus given on Monday, October 23. The firm has “Hold” rating by Cowen & Co given on Tuesday, October 17. Brean Capital maintained the shares of VFC in report on Monday, February 22 with “Buy” rating. The firm has “Overweight” rating by Barclays Capital given on Monday, February 22. On Thursday, October 8 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of V.F. Corporation (NYSE:VFC) has “Hold” rating given on Thursday, July 20 by Piper Jaffray. As per Friday, December 15, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, July 25 by UBS.

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