First Dallas Securities Inc. Reduces Stock Position in The Charles Schwab Co. (NYSE:SCHW)

First Dallas Securities Inc. trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 23.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,463 shares of the financial services provider’s stock after selling 5,538 shares during the quarter. First Dallas Securities Inc.’s holdings in Charles Schwab were worth $1,197,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. RFG Advisory LLC increased its stake in shares of Charles Schwab by 7.4% during the 2nd quarter. RFG Advisory LLC now owns 8,806 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 610 shares in the last quarter. Diversified Trust Co increased its position in Charles Schwab by 26.0% during the second quarter. Diversified Trust Co now owns 7,737 shares of the financial services provider’s stock worth $570,000 after buying an additional 1,595 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Charles Schwab by 2.7% in the second quarter. NorthCrest Asset Manangement LLC now owns 15,519 shares of the financial services provider’s stock worth $1,144,000 after acquiring an additional 405 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Charles Schwab by 7.5% in the second quarter. Great Valley Advisor Group Inc. now owns 25,163 shares of the financial services provider’s stock valued at $1,854,000 after acquiring an additional 1,758 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of Charles Schwab by 69.3% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 7,810 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 3,196 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

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 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 transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,968 shares of company stock valued at $9,419,271 in the last ninety days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $81.50 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $145.04 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.77 and a beta of 0.96. The Charles Schwab Co. has a 52 week low of $59.67 and a 52 week high of $83.35. The stock has a 50 day moving average of $74.41 and a 200-day moving average of $70.16.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.23%. Charles Schwab’s dividend payout ratio is presently 39.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SCHW. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley lifted their price target on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Piper Sandler increased their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Raymond James lowered their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $78.81.

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.