Crossmark Global Holdings Inc. Sells 310,075 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Crossmark Global Holdings Inc. lessened its position in shares of The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 54.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,738 shares of the financial services provider's stock after selling 310,075 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Charles Schwab were worth $20,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new stake in shares of Charles Schwab during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. grew its position in Charles Schwab by 75.0% in 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 bought a new stake in Charles Schwab in the first quarter valued at $33,000. Beacon Capital Management LLC grew its position in Charles Schwab by 53.1% in 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. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Charles Schwab in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan S. Beatty sold 2,850 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider owned 15,219 shares of the company's stock, valued at $1,332,727.83. This represents a 15.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,905 shares of company stock valued at $10,530,833 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Securities upped their price target on Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Redburn Atlantic upgraded Charles Schwab from a "sell" rating to a "neutral" rating and upped their price target for the company from $65.00 to $82.00 in a research report on Monday, June 9th. The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Friday, April 25th. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Truist Financial boosted their price objective on Charles Schwab from $97.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.55.

Charles Schwab Trading Down 0.8%

Shares of SCHW stock traded down $0.73 on Tuesday, reaching $91.87. 1,793,374 shares of the stock were exchanged, compared to its average volume of 9,532,699. The stock has a market cap of $166.93 billion, a PE ratio of 27.84, a P/E/G ratio of 0.98 and a beta of 0.93. The Charles Schwab Corporation has a one year low of $61.01 and a one year high of $92.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a 50 day moving average price of $87.69 and a 200 day moving average price of $81.01.

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

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. Charles Schwab's dividend payout ratio is presently 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.