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

Roffman Miller Associates Inc. PA decreased its stake in shares of Discover Financial Services (NYSE:DFS) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,161 shares of the financial services provider’s stock after selling 353 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Discover Financial Services were worth $724,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DFS. Nomura Asset Management Co. Ltd. lifted its holdings in Discover Financial Services by 10.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 115,487 shares of the financial services provider’s stock worth $16,202,000 after acquiring an additional 10,946 shares during the period. MML Investors Services LLC lifted its holdings in Discover Financial Services by 6.4% during the third quarter. MML Investors Services LLC now owns 220,667 shares of the financial services provider’s stock worth $30,957,000 after acquiring an additional 13,306 shares during the period. CTC Alternative Strategies Ltd. lifted its holdings in Discover Financial Services by 3.2% during the third quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 63 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Discover Financial Services by 17.1% during the third quarter. Orion Portfolio Solutions LLC now owns 10,080 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 1,469 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in Discover Financial Services by 403.6% during the third quarter. iA Global Asset Management Inc. now owns 12,455 shares of the financial services provider’s stock worth $1,747,000 after acquiring an additional 9,982 shares during the period. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Analyst Ratings Changes

DFS has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company lifted their price target on Discover Financial Services from $152.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $140.33.

Discover Financial Services Stock Performance

Shares of DFS opened at $179.22 on Monday. The stock’s 50-day simple moving average is $160.69 and its 200 day simple moving average is $141.75. The stock has a market capitalization of $45.00 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. Discover Financial Services has a 52-week low of $96.46 and a 52-week high of $188.26.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the prior year, the firm posted $2.59 EPS. Research analysts forecast that Discover Financial Services will post 13.34 EPS for the current fiscal year.

Discover Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.56%. Discover Financial Services’s dividend payout ratio is currently 22.60%.

About Discover Financial Services

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.