Your conversion is wrong, photoshop is more correct.
47.576333 (DEG) converts to 47* 34.5799' (DM). which can be rounded to 47* 34.58
which is the format photoshop obviously displays.
converted to DMS it gives your value: 47* 34' 35" N. (Please replace all "*" with degrees symbol.)
So you exchanged DMS (Degress Minutes Seconds) with DM (Degrees Minutes) representation.