Kathleen S. Wright Associates Inc. Trims Stake in The Charles Schwab Co. (NYSE:SCHW)

Kathleen S. Wright Associates Inc. lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 31.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,850 shares of the financial services provider’s stock after selling 1,312 shares during the period. Kathleen S. Wright Associates Inc.’s holdings in Charles Schwab were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Sugarloaf Wealth Management LLC lifted its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Charles Schwab in the 4th quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab in the 4th quarter valued at approximately $31,000. Hall Laurie J Trustee acquired a new position in Charles Schwab in the 4th quarter valued at $34,000. Finally, Glass Jacobson Investment Advisors llc raised its holdings in Charles Schwab by 81.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.2 %

NYSE SCHW traded up $0.13 during trading hours on Friday, hitting $73.69. The company had a trading volume of 8,997,560 shares, compared to its average volume of 5,743,318. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The firm’s 50 day moving average is $74.42 and its 200 day moving average is $69.81. The company has a market capitalization of $130.97 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW) last posted 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. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the transaction, the insider now owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the transaction, the insider now owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Goldfarb sold 7,100 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total transaction of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares in the company, valued at approximately $1,411,318.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 658,663 shares of company stock valued at $48,997,146. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on SCHW shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $76.00 price target on shares of Charles Schwab in a report on Monday, June 17th. JPMorgan Chase & Co. cut their price target on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Bank of America boosted their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Morgan Stanley boosted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Three research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.