First Dallas Securities Inc. Sells 3,496 Shares of The Charles Schwab Co. (NYSE:SCHW)

First Dallas Securities Inc. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.1% in the first quarter, HoldingsChannel.com reports. The fund owned 23,215 shares of the financial services provider’s stock after selling 3,496 shares during the period. First Dallas Securities Inc.’s holdings in Charles Schwab were worth $1,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. WD Rutherford LLC bought a new stake in shares of Charles Schwab during the 1st quarter worth approximately $67,000. Financial Management Professionals Inc. lifted its stake in Charles Schwab by 20.4% in the 1st quarter. Financial Management Professionals Inc. now owns 3,446 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 585 shares during the last quarter. Calton & Associates Inc. bought a new position in Charles Schwab in the 1st quarter valued at approximately $310,000. Sendero Wealth Management LLC lifted its stake in Charles Schwab by 17.1% in the 1st quarter. Sendero Wealth Management LLC now owns 145,879 shares of the financial services provider’s stock valued at $10,553,000 after purchasing an additional 21,262 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its stake in Charles Schwab by 166.8% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,067 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 667 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total transaction of $652,410.00. Following the transaction, the director now directly owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total transaction of $652,410.00. Following the transaction, the director now directly owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold 658,663 shares of company stock valued at $48,997,146 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 0.2 %

Shares of Charles Schwab stock traded up $0.13 during trading hours on Friday, reaching $73.69. The company’s stock had a trading volume of 8,997,560 shares, compared to its average volume of 5,743,318. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The company has a market capitalization of $130.97 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96. The stock’s fifty day simple moving average is $74.42 and its two-hundred day simple moving average is $69.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. On average, research analysts forecast that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SCHW. JPMorgan Chase & Co. dropped their price objective on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Citigroup increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. UBS Group increased their price objective on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.56.

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.