Davis R M Inc. Has $927,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Davis R M Inc. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,352 shares of the financial services provider’s stock after selling 2,003 shares during the quarter. Davis R M Inc.’s holdings in Charles Schwab were worth $927,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Key Financial Inc boosted its stake in Charles Schwab by 144.3% during the 2nd quarter. Key Financial Inc now owns 447 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 264 shares during the last quarter. AlphaMark Advisors LLC bought a new position in shares of Charles Schwab during the second quarter worth $28,000. Global Trust Asset Management LLC grew its holdings in shares of Charles Schwab by 633.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 521 shares of the financial services provider’s stock valued at $30,000 after buying an additional 450 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Charles Schwab by 1,236.6% in the 2nd quarter. SJS Investment Consulting Inc. now owns 548 shares of the financial services provider’s stock valued at $31,000 after buying an additional 507 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new stake in Charles Schwab during the 1st quarter worth $32,000. Institutional investors own 81.61% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $56.57 on Tuesday. The Charles Schwab Co. has a one year low of $45.00 and a one year high of $86.63. The firm has a 50 day simple moving average of $53.96 and a 200 day simple moving average of $56.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $100.22 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.46 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, October 16th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.62 billion. Charles Schwab had a return on equity of 24.58% and a net margin of 30.14%. The business’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 earnings per share. Research analysts predict that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. Charles Schwab’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

In other Charles Schwab news, Director Paula A. Sneed sold 6,918 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $49.98, for a total transaction of $345,761.64. Following the completion of the transaction, the director now owns 112,398 shares in the company, valued at approximately $5,617,652.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 3,114 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $56.19, for a total transaction of $174,975.66. Following the transaction, the chief financial officer now directly owns 41,611 shares in the company, valued at approximately $2,338,122.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paula A. Sneed sold 6,918 shares of Charles Schwab stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $49.98, for a total transaction of $345,761.64. Following the completion of the sale, the director now owns 112,398 shares of the company’s stock, valued at approximately $5,617,652.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,824 shares of company stock valued at $1,214,937. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SCHW shares. JPMorgan Chase & Co. lowered their price target on Charles Schwab from $92.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. StockNews.com initiated coverage on shares of Charles Schwab in a report on Thursday, October 5th. They set a “sell” rating on the stock. JMP Securities reissued a “market outperform” rating and set a $77.00 price objective on shares of Charles Schwab in a research report on Tuesday, October 17th. Raymond James lifted their price target on Charles Schwab from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Finally, Barclays increased their target price on shares of Charles Schwab from $55.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.91.

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. The company operates in two segments, Investor Services and Advisor Services.