Davidson Investment Advisors Has $19.12 Million Stock Holdings in The Charles Schwab Corporation (NYSE:SCHW)

Davidson Investment Advisors reduced its holdings in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,208 shares of the financial services provider's stock after selling 15,119 shares during the quarter. Davidson Investment Advisors' holdings in Charles Schwab were worth $19,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab during the first quarter valued at approximately $25,000. Westside Investment Management Inc. raised its holdings in shares of Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 150 shares during the period. WFA Asset Management Corp acquired a new stake in shares of Charles Schwab during the first quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Finally, Beacon Capital Management LLC raised its holdings in shares of Charles Schwab by 53.1% during the first quarter. Beacon Capital Management LLC now owns 487 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 169 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total transaction of $889,280.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,905 shares of company stock worth $10,530,833. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SCHW shares. The Goldman Sachs Group upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a report on Friday, April 25th. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Finally, TD Securities boosted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $89.55.

Charles Schwab Stock Performance

NYSE:SCHW traded up $1.14 during trading hours on Monday, hitting $92.62. 7,299,828 shares of the company traded hands, compared to its average volume of 9,563,141. The stock has a market capitalization of $168.29 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a twelve month low of $61.01 and a twelve month high of $92.63. The firm has a 50-day moving average of $87.44 and a 200 day moving average of $80.88. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 31.71% and a return on equity of 18.31%. During the same period in the prior year, the company earned $0.74 EPS. On average, analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's payout ratio is currently 32.73%.

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.