Roffman Miller Associates Inc. PA Sells 633 Shares of Discover Financial Services (NYSE:DFS)

Roffman Miller Associates Inc. PA decreased its holdings in Discover Financial Services (NYSE:DFS) by 12.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,528 shares of the financial services provider’s stock after selling 633 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Discover Financial Services were worth $784,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Discover Financial Services by 0.8% during the 3rd quarter. State Street Corp now owns 10,498,044 shares of the financial services provider’s stock worth $1,472,771,000 after buying an additional 80,601 shares during the period. FMR LLC raised its position in shares of Discover Financial Services by 8.0% during the third quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock worth $1,051,314,000 after acquiring an additional 558,227 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Discover Financial Services in the fourth quarter worth approximately $351,766,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Discover Financial Services by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,834,705 shares of the financial services provider’s stock valued at $257,391,000 after acquiring an additional 12,255 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Discover Financial Services by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,728,276 shares of the financial services provider’s stock valued at $242,460,000 after acquiring an additional 7,751 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Price Performance

DFS stock opened at $194.21 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.03. The company’s 50-day moving average is $186.87 and its 200-day moving average is $163.47. The stock has a market capitalization of $48.81 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. Discover Financial Services has a 1 year low of $118.74 and a 1 year high of $205.76.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $1.98. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. Equities research analysts expect that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Discover Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 23rd. Discover Financial Services’s payout ratio is currently 17.54%.

Analyst Ratings Changes

Several research firms have issued reports on DFS. Evercore ISI raised their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Truist Financial increased their price target on Discover Financial Services from $233.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $191.91.

Discover Financial Services 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; 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.