Roffman Miller Associates Inc. PA Has $784,000 Holdings in Discover Financial Services (NYSE:DFS)

Roffman Miller Associates Inc. PA lessened its position in shares of Discover Financial Services (NYSE:DFS) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.

A number of other large investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Discover Financial Services in the 4th quarter valued at $406,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Discover Financial Services by 13.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,178 shares of the financial services provider’s stock valued at $8,519,000 after acquiring an additional 6,000 shares in the last quarter. Forvis Mazars Wealth Advisors LLC bought a new position in Discover Financial Services during the fourth quarter worth about $203,000. Howard Capital Management Inc. raised its stake in Discover Financial Services by 4.9% in the 4th quarter. Howard Capital Management Inc. now owns 1,529 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 72 shares in the last quarter. Finally, Olympiad Research LP raised its stake in Discover Financial Services by 13.9% in the 4th quarter. Olympiad Research LP now owns 13,924 shares of the financial services provider’s stock worth $2,412,000 after purchasing an additional 1,704 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Stock Down 2.8 %

DFS stock opened at $194.21 on Monday. The stock has a market capitalization of $48.81 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $186.87 and a 200-day moving average price of $163.47. Discover Financial Services has a 12 month low of $118.74 and a 12 month high of $205.76.

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

Discover Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, May 23rd. Discover Financial Services’s dividend payout ratio (DPR) is 17.54%.

Analysts Set New Price Targets

Several research analysts have recently commented on DFS shares. JPMorgan Chase & Co. raised their target price on shares of Discover Financial Services from $146.00 to $169.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. StockNews.com lowered Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their target price on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, January 24th. Evercore ISI raised their price target on Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price objective on shares of Discover Financial Services from $193.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Discover Financial Services presently has an average rating of “Hold” and an average target price of $191.91.

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.