D.A. Davidson & CO. Decreases Position in The Charles Schwab Co. (NYSE:SCHW)

D.A. Davidson & CO. lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,327 shares of the financial services provider's stock after selling 7,643 shares during the quarter. D.A. Davidson & CO.'s holdings in Charles Schwab were worth $28,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHW. Creative Planning lifted its position in shares of Charles Schwab by 18.3% during the 3rd quarter. Creative Planning now owns 511,376 shares of the financial services provider's stock worth $31,891,000 after buying an additional 79,166 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in shares of Charles Schwab by 11.1% during the third quarter. Stratos Wealth Advisors LLC now owns 14,296 shares of the financial services provider's stock valued at $927,000 after acquiring an additional 1,433 shares during the last quarter. Blue Trust Inc. lifted its holdings in Charles Schwab by 42.4% during the third quarter. Blue Trust Inc. now owns 19,517 shares of the financial services provider's stock worth $1,265,000 after acquiring an additional 5,813 shares during the period. Capital Investment Advisors LLC boosted its position in Charles Schwab by 5.2% in the third quarter. Capital Investment Advisors LLC now owns 6,615 shares of the financial services provider's stock worth $429,000 after purchasing an additional 324 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Charles Schwab by 3.2% in the third quarter. Raymond James & Associates now owns 1,803,240 shares of the financial services provider's stock worth $116,868,000 after purchasing an additional 55,535 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded down $1.33 during midday trading on Friday, reaching $80.50. 9,855,515 shares of the company traded hands, compared to its average volume of 12,402,950. The firm's fifty day moving average price is $77.98 and its two-hundred day moving average price is $72.95. The firm has a market capitalization of $143.38 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company's revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.34%. Charles Schwab's dividend payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company's stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 490,120 shares of company stock valued at $40,127,472 in the last three months. Company insiders own 6.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their target price on Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, December 9th. JMP Securities restated a "market outperform" rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, Barclays lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Profile

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 in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.