As Discover Financial Services (DFS) Share Price Declined, Fragasso Group Has Decreased Stake; Exxon Mobil Com (XOM) Shareholder Garde Capital Has Increased Position

January 14, 2018 - By Nellie Frank

Fragasso Group Inc decreased its stake in Discover Financial Services (DFS) by 45.36% based on its latest 2017Q3 regulatory filing with the SEC. Fragasso Group Inc sold 10,115 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 12,183 shares of the consumer services company at the end of 2017Q3, valued at $811,000, down from 22,298 at the end of the previous reported quarter. Fragasso Group Inc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $29.26B market cap company. The stock increased 0.19% or $0.15 during the last trading session, reaching $80.51. About 2.08M shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since January 14, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Garde Capital Inc increased its stake in Exxon Mobil Corp Com (XOM) by 135.66% based on its latest 2017Q3 regulatory filing with the SEC. Garde Capital Inc bought 8,825 shares as the company’s stock rose 0.21% with the market. The institutional investor held 15,330 shares of the integrated oil company at the end of 2017Q3, valued at $1.26 million, up from 6,505 at the end of the previous reported quarter. Garde Capital Inc who had been investing in Exxon Mobil Corp Com for a number of months, seems to be bullish on the $370.83 billion market cap company. The stock increased 0.68% or $0.59 during the last trading session, reaching $87.52. About 9.83M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 14, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Since August 4, 2017, it had 0 buys, and 6 selling transactions for $5.32 million activity. Another trade for 1,100 shares valued at $88,253 was made by REINEMUND STEVEN on Friday, August 4. Chapman Neil A also sold $996,628 worth of Exxon Mobil Corporation (NYSE:XOM) shares. Another trade for 19,500 shares valued at $1.62M was sold by Corson Bradley W. $200,293 worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Wascom Dennis G on Friday, December 15. 7,281 shares valued at $606,082 were sold by Milton Bryan W on Tuesday, December 12.

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Parsons Cap Ri invested 3.42% in Exxon Mobil Corporation (NYSE:XOM). Northstar Group invested in 27,585 shares. Pacific Heights Asset Llc has 1.56% invested in Exxon Mobil Corporation (NYSE:XOM). Manchester Management Ltd Liability Company accumulated 18,062 shares. Brown Advisory reported 2.70M shares. Somerville Kurt F invested in 112,917 shares. Cap Innovations Ltd Liability Corp stated it has 0.87% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Iowa Bankshares has 58,190 shares. 1.56 million were reported by Virginia Retirement Systems Et Al. Diversified Tru invested in 32,482 shares or 0.2% of the stock. New Jersey Better Educational Savings Trust has 29,000 shares for 2% of their portfolio. Aperio Ltd Liability owns 0.72% invested in Exxon Mobil Corporation (NYSE:XOM) for 1.56M shares. Advsrs Asset Management holds 438,296 shares or 0.6% of its portfolio. National Bank holds 174,686 shares. The Alabama-based Kistler has invested 2.39% in Exxon Mobil Corporation (NYSE:XOM).

Garde Capital Inc, which manages about $500.62 million and $509.52M US Long portfolio, decreased its stake in Ishares Tips Bond Etf (TIP) by 10,300 shares to 56,939 shares, valued at $6.47 million in 2017Q3, according to the filing.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 80 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, October 3 by Jefferies. Piper Jaffray maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, October 5 with “Hold” rating. On Wednesday, August 19 the stock rating was maintained by Citigroup with “Hold”. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by TD Securities on Thursday, August 6. Wells Fargo downgraded Exxon Mobil Corporation (NYSE:XOM) on Wednesday, January 11 to “Market Perform” rating. Nomura initiated it with “Reduce” rating and $70 target in Friday, March 18 report. Citigroup maintained Exxon Mobil Corporation (NYSE:XOM) on Friday, July 21 with “Neutral” rating. The stock has “Market Perform” rating by BMO Capital Markets on Friday, December 2. BMO Capital Markets maintained the shares of XOM in report on Wednesday, January 10 with “Hold” rating. The stock has “Neutral” rating by UBS on Monday, May 2.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 23. They expect $1.53 earnings per share, up 9.29% or $0.13 from last year’s $1.4 per share. DFS’s profit will be $555.98 million for 13.16 P/E if the $1.53 EPS becomes a reality. After $1.59 actual earnings per share reported by Discover Financial Services for the previous quarter, Wall Street now forecasts -3.77% negative EPS growth.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.14, from 0.91 in 2017Q2. It dropped, 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. Lsv Asset Management accumulated 6.66 million shares. Jane Street Llc, New York-based fund reported 6,491 shares. Bowling Port Mngmt Lc holds 0.08% or 8,241 shares in its portfolio. Dekabank Deutsche Girozentrale, Germany-based fund reported 843,415 shares. Jefferies Gp Ltd Liability Co invested 0.02% of its portfolio in Discover Financial Services (NYSE:DFS). Estabrook holds 50 shares. Transamerica Financial Advisors invested in 7,939 shares or 0.06% of the stock. Sumitomo Mitsui Trust has invested 0.1% in Discover Financial Services (NYSE:DFS). 131 are held by Whittier Trust Communication Of Nevada. First Business Financial has 8,494 shares for 0.11% of their portfolio. Rbf Limited Liability Com holds 0.12% or 15,100 shares in its portfolio. The Michigan-based Azimuth Capital Ltd Liability has invested 0.46% in Discover Financial Services (NYSE:DFS). First Manhattan Com owns 461,973 shares for 0.17% of their portfolio. Btim Corporation has invested 0.4% in Discover Financial Services (NYSE:DFS). Perigon Wealth Management Ltd Liability Co reported 1,989 shares.

Among 31 analysts covering Discover Financial Services (NYSE:DFS), 21 have Buy rating, 1 Sell and 9 Hold. Therefore 68% are positive. Discover Financial Services had 77 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Nomura given on Wednesday, October 25. The rating was maintained by Bank of America with “Neutral” on Wednesday, October 25. The firm has “Outperform” rating by Oppenheimer given on Thursday, January 28. Stifel Nicolaus maintained Discover Financial Services (NYSE:DFS) on Thursday, July 23 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, October 25. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Thursday, June 1 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, September 10 by Sterne Agee CRT. RBC Capital Markets maintained it with “Top Pick” rating and $69 target in Monday, October 19 report. The rating was maintained by Oppenheimer on Wednesday, July 26 with “Buy”. The stock of Discover Financial Services (NYSE:DFS) earned “Hold” rating by Compass Point on Wednesday, October 25.

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