Fjarde Ap-Fonden Fourth Swedish National Pension Fund Has Upped Its Discover Finl Svcs (DFS) Holding; Hillhouse Capital Management LTD Raised By $2.22 Million Its Schwab Charles New (SCHW) Stake

October 13, 2017 - By Marguerite Chambers

Hillhouse Capital Management Ltd increased Schwab Charles Corp New (SCHW) stake by 18.44% reported in 2017Q2 SEC filing. Hillhouse Capital Management Ltd acquired 52,900 shares as Schwab Charles Corp New (SCHW)’s stock declined 7.92%. The Hillhouse Capital Management Ltd holds 339,782 shares with $14.60 million value, up from 286,882 last quarter. Schwab Charles Corp New now has $59.90B valuation. The stock decreased 0.67% or $0.3 during the last trading session, reaching $44.73. About 6.82M shares traded. Charles Schwab Corp (NYSE:SCHW) has risen 32.11% since October 13, 2016 and is uptrending. It has outperformed by 15.41% the S&P500.

Fjarde Ap-Fonden Fourth Swedish National Pension Fund increased Discover Finl Svcs (DFS) stake by 14.99% reported in 2017Q2 SEC filing. Fjarde Ap-Fonden Fourth Swedish National Pension Fund acquired 12,148 shares as Discover Finl Svcs (DFS)’s stock declined 15.69%. The Fjarde Ap-Fonden Fourth Swedish National Pension Fund holds 93,214 shares with $5.80 million value, up from 81,066 last quarter. Discover Finl Svcs now has $23.79 billion valuation. The stock rose 0.14% or $0.09 reaching $63.97 per share. About 2.78 million shares traded or 13.01% up from the average. Discover Financial Services (NYSE:DFS) has risen 10.42% since October 13, 2016 and is uptrending. It has underperformed by 6.28% the S&P500.

Among 28 analysts covering Discover Financial Services (NYSE:DFS), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Discover Financial Services had 61 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Wedbush on Tuesday, October 11. The firm earned “Hold” rating on Tuesday, December 22 by Evercore. The firm has “Buy” rating by Oppenheimer given on Wednesday, July 26. The company was maintained on Thursday, February 18 by Deutsche Bank. The firm has “Buy” rating given on Thursday, September 10 by Sterne Agee CRT. JP Morgan downgraded the shares of DFS in report on Thursday, January 14 to “Neutral” rating. The firm earned “Buy” rating on Thursday, December 15 by Bank of America. The company was maintained on Thursday, June 29 by RBC Capital Markets. The stock of Discover Financial Services (NYSE:DFS) earned “Outperform” rating by Bernstein on Wednesday, April 20. Bank of America downgraded Discover Financial Services (NYSE:DFS) on Thursday, February 11 to “Neutral” rating.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.12, from 0.79 in 2017Q1. It increased, as 55 investors sold DFS shares while 277 reduced holdings. 74 funds opened positions while 227 raised stakes. 310.30 million shares or 1.25% less from 314.23 million shares in 2017Q1 were reported. Gam Ag holds 110,207 shares or 0.1% of its portfolio. Rhumbline Advisers holds 0.1% or 708,771 shares. Condor Mngmt invested in 0.29% or 22,010 shares. Schwartz Counsel, a Michigan-based fund reported 324,100 shares. Mirae Asset Invs, a Korea-based fund reported 29,210 shares. Capital Ww holds 10.58 million shares. Lourd Capital Ltd Llc holds 0.02% or 3,578 shares in its portfolio. Employees Retirement Of Texas has 0.08% invested in Discover Financial Services (NYSE:DFS) for 99,800 shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 0.2% of its portfolio in Discover Financial Services (NYSE:DFS). 8,077 are held by 1St Glob Advisors Inc. Raymond James & Associates reported 353,449 shares stake. 9,077 are owned by Sii Investments Wi. Cleararc Cap has invested 0.09% in Discover Financial Services (NYSE:DFS). Cadence Capital Mngmt Ltd Liability Company reported 15,169 shares stake. 128,531 were reported by Zurcher Kantonalbank (Zurich Cantonalbank).

Fjarde Ap-Fonden Fourth Swedish National Pension Fund decreased Wec Energy Group Inc stake by 20,709 shares to 46,042 valued at $2.83M in 2017Q2. It also reduced American Airls Group Inc (NASDAQ:AAL) stake by 4,152 shares and now owns 11 shares. Goodyear Tire & Rubr Co (NASDAQ:GT) was reduced too.

Among 20 analysts covering Charles Schwab (NYSE:SCHW), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Charles Schwab had 70 analyst reports since August 11, 2015 according to SRatingsIntel. Barclays Capital initiated the stock with “Overweight” rating in Friday, September 8 report. The company was upgraded on Monday, December 19 by SunTrust. On Friday, September 15 the stock rating was maintained by Jefferies with “Buy”. The stock of Charles Schwab Corp (NYSE:SCHW) has “Overweight” rating given on Tuesday, October 10 by Barclays Capital. The stock has “Buy” rating by Jefferies on Tuesday, May 30. The firm has “Buy” rating by Nomura given on Monday, July 11. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Buy” rating by Deutsche Bank on Friday, May 27. Argus Research initiated Charles Schwab Corp (NYSE:SCHW) rating on Wednesday, March 23. Argus Research has “Buy” rating and $34 target. UBS maintained Charles Schwab Corp (NYSE:SCHW) rating on Friday, October 16. UBS has “Buy” rating and $34 target. Keefe Bruyette & Woods maintained it with “Buy” rating and $4600 target in Wednesday, June 14 report.

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