D.A. Davidson & CO. Has $40.44 Million Stock Holdings in The Charles Schwab Corporation $SCHW

D.A. Davidson & CO. grew its position in The Charles Schwab Corporation (NYSE:SCHW) by 4.9% in the first quarter, Holdings Channel.com reports. The fund owned 430,319 shares of the financial services provider’s stock after buying an additional 20,127 shares during the period. D.A. Davidson & CO.’s holdings in Charles Schwab were worth $40,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SCHW. Norges Bank acquired a new position in shares of Charles Schwab in the fourth quarter valued at $1,994,189,000. Bank of New York Mellon Corp lifted its holdings in shares of Charles Schwab by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider’s stock worth $1,518,913,000 after acquiring an additional 3,009,884 shares during the period. Primecap Management Co. CA boosted its position in shares of Charles Schwab by 9.7% during the 4th quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider’s stock valued at $2,325,512,000 after acquiring an additional 2,066,884 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Charles Schwab by 716.5% during the 4th quarter. Focus Partners Wealth now owns 2,101,463 shares of the financial services provider’s stock valued at $209,948,000 after acquiring an additional 1,844,095 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Charles Schwab in the third quarter valued at about $142,594,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW opened at $102.80 on Thursday. The firm has a market cap of $178.78 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 0.85 and a beta of 0.77. The company has a 50 day moving average of $92.24 and a 200-day moving average of $95.31. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.48. The Charles Schwab Corporation has a 1-year low of $83.96 and a 1-year high of $107.50.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.39 by $0.04. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.39 billion. Charles Schwab had a return on equity of 23.05% and a net margin of 37.99%.Charles Schwab’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. On average, equities analysts forecast that The Charles Schwab Corporation will post 6.23 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.32 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.28 annualized dividend and a yield of 1.2%. Charles Schwab’s payout ratio is presently 25.40%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $100.01, for a total value of $200,020.00. Following the transaction, the insider owned 13,738 shares of the company’s stock, valued at approximately $1,373,937.38. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank C. Herringer sold 2,520 shares of Charles Schwab stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the transaction, the director directly owned 177,508 shares of the company’s stock, valued at $16,082,224.80. This represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 6,520 shares of company stock valued at $622,392. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SCHW shares. Argus set a $108.00 price target on shares of Charles Schwab in a research report on Monday, April 20th. Keefe, Bruyette & Woods began coverage on Charles Schwab in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $110.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $128.00 target price on shares of Charles Schwab in a research report on Friday, May 15th. TD Cowen upped their price target on Charles Schwab from $108.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles Schwab in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.