Discover Financial Services (DFS) Shareholder Parkwood Has Trimmed Holding as Valuation Declined; Vontobel Asset Management Stake in Nike (NKE) Has Upped as Stock Value Declined

February 18, 2018 - By Nellie Frank

Parkwood Llc decreased its stake in Discover Financial Services (DFS) by 84.2% based on its latest 2017Q3 regulatory filing with the SEC. Parkwood Llc sold 25,280 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 4,742 shares of the consumer services company at the end of 2017Q3, valued at $306,000, down from 30,022 at the end of the previous reported quarter. Parkwood Llc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $28.90B market cap company. The stock increased 1.22% or $0.96 during the last trading session, reaching $79.53. About 2.14 million shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since February 18, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Vontobel Asset Management Inc increased its stake in Nike Inc (NKE) by 1.73% based on its latest 2017Q3 regulatory filing with the SEC. Vontobel Asset Management Inc bought 86,981 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 5.12M shares of the consumer non-durables company at the end of 2017Q3, valued at $271.83 million, up from 5.03M at the end of the previous reported quarter. Vontobel Asset Management Inc who had been investing in Nike Inc for a number of months, seems to be bullish on the $111.12 billion market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $68.3. About 6.84 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 18, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Friday, September 25 by Stifel Nicolaus. The firm has “Overweight” rating by Barclays Capital given on Thursday, March 23. The rating was maintained by Credit Suisse on Wednesday, March 23 with “Outperform”. Telsey Advisory Group maintained it with “Outperform” rating and $62 target in Thursday, June 22 report. The firm has “Hold” rating given on Thursday, December 7 by Cowen & Co. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Wednesday, September 28 by Nomura. The firm has “Hold” rating by Cowen & Co given on Wednesday, January 31. Piper Jaffray maintained NIKE, Inc. (NYSE:NKE) on Friday, September 25 with “Overweight” rating. DA Davidson maintained the shares of NKE in report on Wednesday, September 28 with “Buy” rating. B. Riley & Co maintained NIKE, Inc. (NYSE:NKE) rating on Wednesday, September 28. B. Riley & Co has “Neutral” rating and $55 target.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.20, from 1 in 2017Q2. It worsened, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Fdx Advsrs holds 0.11% or 74,956 shares. Pggm Invs holds 0.1% or 373,454 shares. Argent Tru has 0.25% invested in NIKE, Inc. (NYSE:NKE) for 12,350 shares. Vermont-based Manchester Mgmt Limited Liability Co has invested 0.04% in NIKE, Inc. (NYSE:NKE). Schroder Inv Mgmt Grp has 257,581 shares. Eaton Vance Management reported 5.25 million shares. Associated Banc reported 4,027 shares stake. Alyeska Investment Group Ltd Partnership reported 0.49% of its portfolio in NIKE, Inc. (NYSE:NKE). Amer Century Companies Inc holds 0.14% of its portfolio in NIKE, Inc. (NYSE:NKE) for 2.73M shares. Jane Street Group Limited Liability Com reported 89,437 shares or 0.01% of all its holdings. Rhode Island-based Coastline Trust has invested 0.64% in NIKE, Inc. (NYSE:NKE). American Invest Services invested in 0.09% or 4,321 shares. Accredited Investors Incorporated invested 0.06% in NIKE, Inc. (NYSE:NKE). Gamco Investors Et Al accumulated 14,825 shares. Creative Planning accumulated 0.02% or 74,721 shares.

Since September 14, 2017, it had 0 buys, and 8 sales for $37.22 million activity. Slusher John F also sold $7.94 million worth of NIKE, Inc. (NYSE:NKE) shares. $650,000 worth of NIKE, Inc. (NYSE:NKE) was sold by Matheson Monique S.. The insider RODGERS JOHNATHAN A sold 16,000 shares worth $855,206. Another trade for 100,000 shares valued at $6.85 million was made by EDWARDS TREVOR A on Wednesday, January 31. $8.78 million worth of NIKE, Inc. (NYSE:NKE) shares were sold by PARKER MARK G.

Vontobel Asset Management Inc, which manages about $44.19B and $13.79 billion US Long portfolio, decreased its stake in Accenture Plc Ireland (NYSE:ACN) by 50,301 shares to 799,923 shares, valued at $102.30 million in 2017Q3, according to the filing. It also reduced its holding in Alphabet Inc by 18,831 shares in the quarter, leaving it with 539,669 shares, and cut its stake in Zoetis Inc (NYSE:ZTS).

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 90 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Thursday, June 1 by BMO Capital Markets. The stock has “Top Pick” rating by RBC Capital Markets on Wednesday, July 20. The stock of Discover Financial Services (NYSE:DFS) has “Top Pick” rating given on Monday, October 19 by RBC Capital Markets. 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 Monday, January 8, the company rating was maintained by RBC Capital Markets. Stephens maintained the shares of DFS in report on Tuesday, January 2 with “Sell” rating. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Thursday, December 28 by Susquehanna. As per Monday, December 18, the company rating was upgraded by Bank of America. The firm earned “Outperform” rating on Thursday, January 25 by Credit Suisse. Jefferies maintained Discover Financial Services (NYSE:DFS) on Friday, June 16 with “Buy” rating.

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