First Financial Corp IN Trims Stock Position in The Charles Schwab Co. (NYSE:SCHW)

First Financial Corp IN lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,433 shares of the financial services provider’s stock after selling 373 shares during the quarter. First Financial Corp IN’s holdings in Charles Schwab were worth $994,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SCHW. Thoroughbred Financial Services LLC acquired a new position in shares of Charles Schwab in the second quarter worth about $808,000. Fairfield Financial Advisors LTD acquired a new position in Charles Schwab in the 2nd quarter worth about $86,000. Dimensional Fund Advisors LP boosted its position in Charles Schwab by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,904,267 shares of the financial services provider’s stock worth $361,402,000 after purchasing an additional 310,128 shares in the last quarter. One Capital Management LLC acquired a new stake in Charles Schwab in the second quarter valued at approximately $667,000. Finally, Citizens Financial Group Inc. RI increased its position in shares of Charles Schwab by 4.1% in the second quarter. Citizens Financial Group Inc. RI now owns 99,346 shares of the financial services provider’s stock valued at $7,321,000 after buying an additional 3,889 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Piper Sandler boosted their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Raymond James decreased their price target on shares of Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Cowen boosted their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.69.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,968 shares of company stock valued at $8,842,821. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Down 0.2 %

Shares of SCHW opened at $72.64 on Tuesday. The stock has a fifty day simple moving average of $77.60 and a two-hundred day simple moving average of $70.59. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $129.27 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $59.67 and a 52-week high of $83.35.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm 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 firm posted $0.77 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.