PDS Planning Inc Has $499,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

PDS Planning Inc trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,253 shares of the financial services provider’s stock after selling 235 shares during the quarter. PDS Planning Inc’s holdings in Charles Schwab were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Wedge Capital Management L L P NC bought a new stake in Charles Schwab in the fourth quarter worth approximately $203,000. RWA Wealth Partners LLC increased its holdings in Charles Schwab by 404.2% in the fourth quarter. RWA Wealth Partners LLC now owns 319,006 shares of the financial services provider’s stock worth $21,948,000 after purchasing an additional 255,735 shares in the last quarter. Sage Mountain Advisors LLC increased its holdings in Charles Schwab by 30.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 4,832 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 1,118 shares in the last quarter. North Star Asset Management Inc. increased its holdings in Charles Schwab by 3.7% in the fourth quarter. North Star Asset Management Inc. now owns 466,782 shares of the financial services provider’s stock worth $32,115,000 after purchasing an additional 16,643 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in Charles Schwab by 462.4% in the fourth quarter. MCF Advisors LLC now owns 7,986 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 6,566 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SCHW shares. Morgan Stanley lifted their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Bank of America lifted their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Performance

SCHW stock traded up $0.91 during midday trading on Tuesday, hitting $75.17. The company’s stock had a trading volume of 3,737,013 shares, compared to its average volume of 7,724,151. The stock’s 50-day moving average price is $68.77 and its 200 day moving average price is $63.35. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.18. The stock has a market cap of $133.51 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.07 and a beta of 1.01.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insiders Place Their Bets

In other news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the transaction, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 316,282 shares of company stock valued at $21,373,311. Insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.