D.A. Davidson & CO. Has $25.02 Million Position in The Charles Schwab Co. (NYSE:SCHW)

D.A. Davidson & CO. raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 3.7% during the third quarter, Holdings Channel.com reports. The fund owned 385,970 shares of the financial services provider’s stock after purchasing an additional 13,752 shares during the period. D.A. Davidson & CO.’s holdings in Charles Schwab were worth $25,015,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Country Trust Bank acquired a new stake in Charles Schwab during the 2nd quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab in the third quarter worth about $25,000. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Finally, American Capital Advisory LLC acquired a new position in shares of Charles Schwab in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.6 %

NYSE SCHW opened at $81.77 on Tuesday. The company has a market cap of $145.52 billion, a PE ratio of 31.94, a PEG ratio of 1.76 and a beta of 0.96. The Charles Schwab Co. has a 12 month low of $55.59 and a 12 month high of $82.50. The stock has a 50 day moving average of $70.91 and a 200-day moving average of $69.81. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. Charles Schwab’s payout ratio is 39.06%.

Analysts Set New Price Targets

Several analysts have commented on SCHW shares. Raymond James dropped their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. The Goldman Sachs Group raised their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Bank of America cut their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $74.18.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 112,929 shares of company stock worth $8,196,624. 6.60% of the stock is owned by company insiders.

About Charles Schwab

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.