The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,478 shares of the financial services provider’s stock after selling 1,920 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Charles Schwab were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. Sugarloaf Wealth Management LLC boosted its holdings 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 worth $30,000 after buying an additional 165 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $31,000. Tributary Capital Management LLC acquired a new position in Charles Schwab in the 1st quarter valued at $31,000. Finally, Hall Laurie J Trustee purchased a new position in Charles Schwab in the 4th quarter valued at $34,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 5.7 %

SCHW stock traded down $3.81 during mid-day trading on Wednesday, hitting $63.62. 2,210,914 shares of the company were exchanged, compared to its average volume of 7,361,282. The business has a fifty day simple moving average of $74.10 and a 200-day simple moving average of $70.23. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The firm has a market capitalization of $113.07 billion, a P/E ratio of 26.62, a PEG ratio of 1.15 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 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 $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that The Charles Schwab Co. will post 3.19 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. Investors of record on Friday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the sale, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Insiders sold a total of 568,709 shares of company stock valued at $42,577,554 in the last three months. 6.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. Bank of America reduced their target price on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday. Citigroup raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and upped their price target for the company from $76.00 to $84.00 in a research report on Monday, July 8th. Morgan Stanley reduced their price objective on Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Finally, JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $76.44.

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.