Davidson Investment Advisors Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Davidson Investment Advisors raised its position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 57.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,145 shares of the financial services provider’s stock after purchasing an additional 78,563 shares during the period. Davidson Investment Advisors’ holdings in Charles Schwab were worth $12,138,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cloverfields Capital Group LP grew its holdings in Charles Schwab by 11.5% in the 1st quarter. Cloverfields Capital Group LP now owns 50,785 shares of the financial services provider’s stock worth $2,660,000 after acquiring an additional 5,246 shares during the last quarter. Independent Advisor Alliance increased its position in shares of Charles Schwab by 334.1% during the second quarter. Independent Advisor Alliance now owns 55,268 shares of the financial services provider’s stock valued at $3,133,000 after buying an additional 42,535 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in shares of Charles Schwab by 2.0% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 11,729 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 229 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Charles Schwab by 21.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,839 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 677 shares during the period. Finally, Bard Financial Services Inc. grew its stake in Charles Schwab by 372.9% in the second quarter. Bard Financial Services Inc. now owns 24,475 shares of the financial services provider’s stock worth $1,387,000 after purchasing an additional 19,300 shares during the period. 81.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 3,792 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $57.31, for a total value of $217,319.52. Following the transaction, the chief financial officer now directly owns 44,725 shares in the company, valued at $2,563,189.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Paula A. Sneed sold 6,918 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $49.98, for a total transaction of $345,761.64. Following the transaction, the director now directly owns 112,398 shares of the company’s stock, valued at approximately $5,617,652.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter B. Crawford sold 3,792 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $57.31, for a total transaction of $217,319.52. Following the transaction, the chief financial officer now owns 44,725 shares in the company, valued at approximately $2,563,189.75. The disclosure for this sale can be found here. Insiders have sold 21,824 shares of company stock valued at $1,214,937 in the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Down 0.1 %

Shares of NYSE SCHW traded down $0.08 during trading hours on Monday, hitting $56.70. 3,708,557 shares of the company traded hands, compared to its average volume of 15,424,730. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.87. The Charles Schwab Co. has a 12 month low of $45.00 and a 12 month high of $86.63. The stock has a market capitalization of $100.45 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94. The company’s 50 day moving average price is $54.02 and its 200 day moving average price is $56.28.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.62 billion. Charles Schwab had a net margin of 30.14% and a return on equity of 24.58%. The firm’s revenue was down 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 EPS. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, November 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SCHW shares. Raymond James increased their price target on shares of Charles Schwab from $72.00 to $76.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. JPMorgan Chase & Co. dropped their price target on shares of Charles Schwab from $92.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. UBS Group lowered their price objective on Charles Schwab from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, October 16th. Piper Sandler lowered their price objective on Charles Schwab from $86.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, October 9th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $77.00 price target on shares of Charles Schwab in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Check Out Our Latest Analysis on SCHW

About Charles Schwab

(Free Report)

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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