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

First Financial Corp IN lowered its position in The Charles Schwab Co. (NYSE:SCHW) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,579 shares of the financial services provider’s stock after selling 471 shares during the period. First Financial Corp IN’s holdings in Charles Schwab were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in shares of Charles Schwab by 65.3% during the third quarter. Acadian Asset Management LLC now owns 19,006 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 7,505 shares during the last quarter. Asset Dedication LLC lifted its holdings in Charles Schwab by 23.3% in the 3rd quarter. Asset Dedication LLC now owns 1,086 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 205 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Charles Schwab by 45.8% during the 3rd quarter. Natixis Advisors L.P. now owns 774,741 shares of the financial services provider’s stock worth $42,533,000 after purchasing an additional 243,299 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Charles Schwab by 4.2% during the third quarter. Epoch Investment Partners Inc. now owns 29,106 shares of the financial services provider’s stock worth $1,598,000 after buying an additional 1,161 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Charles Schwab by 2.8% in the third quarter. Parkside Financial Bank & Trust now owns 6,939 shares of the financial services provider’s stock valued at $381,000 after buying an additional 192 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares in the company, valued at $8,630,986.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the sale, the director now owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders have sold 658,663 shares of company stock worth $48,997,146 over the last three months. Company insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 0.3 %

Shares of Charles Schwab stock traded down $0.21 on Wednesday, reaching $73.69. The company had a trading volume of 1,251,786 shares, compared to its average volume of 7,334,476. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $130.97 billion, a PE ratio of 30.90, a PEG ratio of 1.14 and a beta of 0.96. The firm’s 50 day moving average price is $74.39 and its two-hundred day moving average price is $69.66. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Sell-side analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Ratings Changes

SCHW has been the subject of several research reports. Citigroup upped 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. TD Cowen dropped their price target on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $76.00 price target on shares of Charles Schwab in a research report on Monday, June 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $74.65.

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.