Davidson Investment Advisors Has $19.19 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Davidson Investment Advisors lowered its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 259,327 shares of the financial services provider's stock after selling 3,207 shares during the period. Davidson Investment Advisors' holdings in Charles Schwab were worth $19,193,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Charles Schwab during the third quarter valued at about $25,000. Washington Trust Advisors Inc. lifted its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $31,000. Planning Capital Management Corp acquired a new position in Charles Schwab in the 3rd quarter worth approximately $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab during the 3rd quarter worth approximately $33,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 1.6 %

Shares of Charles Schwab stock traded down $1.33 during midday trading on Friday, reaching $80.50. 9,855,515 shares of the company's stock traded hands, compared to its average volume of 12,402,950. The company has a market cap 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 Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company's 50 day simple moving average is $77.98 and its 200 day simple moving average is $72.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

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, topping analysts' consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Equities analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

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

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,300 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company's stock, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 490,120 shares of company stock worth $40,127,472 over the last 90 days. Insiders own 6.60% of the company's stock.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. Piper Sandler raised their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Truist Financial lifted their target price on Charles Schwab from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Finally, TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $103.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $86.33.

Charles Schwab Company 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.