Roffman Miller Associates Inc. PA Raises Stock Holdings in Discover Financial Services (NYSE:DFS)

Roffman Miller Associates Inc. PA grew its stake in shares of Discover Financial Services (NYSE:DFS) by 9.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,164 shares of the financial services provider’s stock after buying an additional 514 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Discover Financial Services were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CWM LLC lifted its holdings in Discover Financial Services by 5.2% during the third quarter. CWM LLC now owns 9,609 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 474 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Discover Financial Services by 10.6% during the 3rd quarter. AE Wealth Management LLC now owns 12,163 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 1,165 shares during the period. RFG Advisory LLC lifted its stake in shares of Discover Financial Services by 4.1% during the 3rd quarter. RFG Advisory LLC now owns 6,845 shares of the financial services provider’s stock valued at $593,000 after buying an additional 271 shares in the last quarter. Ziegler Capital Management LLC boosted its holdings in Discover Financial Services by 61.6% in the 3rd quarter. Ziegler Capital Management LLC now owns 15,392 shares of the financial services provider’s stock worth $1,333,000 after buying an additional 5,869 shares during the period. Finally, Park Place Capital Corp increased its stake in Discover Financial Services by 17.8% in the 3rd quarter. Park Place Capital Corp now owns 6,477 shares of the financial services provider’s stock worth $561,000 after buying an additional 978 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors.

Discover Financial Services Price Performance

Shares of Discover Financial Services stock traded up $1.85 during trading hours on Friday, reaching $127.52. The company’s stock had a trading volume of 651,636 shares, compared to its average volume of 2,196,240. The firm has a 50 day moving average price of $123.45 and a 200-day moving average price of $107.01. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.05 and a quick ratio of 1.13. The stock has a market cap of $31.95 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.78 and a beta of 1.45. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($1.88). Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the firm earned $3.58 earnings per share. On average, analysts predict that Discover Financial Services will post 11.39 EPS for the current year.

Discover Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.80 annualized dividend and a yield of 2.20%. Discover Financial Services’s payout ratio is presently 31.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DFS shares. JPMorgan Chase & Co. boosted their price objective on Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 price target (up from $117.00) on shares of Discover Financial Services in a report on Wednesday, February 21st. Citigroup increased their price objective on shares of Discover Financial Services from $127.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Evercore ISI boosted their target price on shares of Discover Financial Services from $117.00 to $140.00 and gave the stock an “in-line” rating in a report on Thursday, February 22nd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Discover Financial Services in a research note on Wednesday, February 21st. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $126.29.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.