Fiduciary Alliance LLC Takes $319,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Fiduciary Alliance LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,302 shares of the financial services provider’s stock, valued at approximately $319,000.

A number of other hedge funds have also recently bought and sold shares of SCHW. Argus Investors Counsel Inc. increased its position in Charles Schwab by 4.0% during the fourth quarter. Argus Investors Counsel Inc. now owns 26,731 shares of the financial services provider’s stock worth $1,839,000 after purchasing an additional 1,035 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Charles Schwab by 7,185.7% in the 4th quarter. International Assets Investment Management LLC now owns 756,404 shares of the financial services provider’s stock worth $52,041,000 after buying an additional 746,022 shares during the period. Sowell Financial Services LLC boosted its holdings in Charles Schwab by 49.2% in the fourth quarter. Sowell Financial Services LLC now owns 15,813 shares of the financial services provider’s stock valued at $1,088,000 after acquiring an additional 5,211 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Charles Schwab by 64.5% in the fourth quarter. Fulton Bank N.A. now owns 8,088 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 3,172 shares during the last quarter. Finally, Allworth Financial LP grew its position in Charles Schwab by 40.9% during the fourth quarter. Allworth Financial LP now owns 26,009 shares of the financial services provider’s stock valued at $1,789,000 after acquiring an additional 7,550 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.8 %

NYSE SCHW traded down $0.53 on Wednesday, hitting $62.27. 7,330,453 shares of the stock were exchanged, compared to its average volume of 8,032,110. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. 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 company has a market capitalization of $110.67 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.18 and a beta of 0.99. The company’s 50-day moving average price is $70.64 and its two-hundred day moving average price is $70.04.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the company posted $0.75 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts predict that The Charles Schwab Co. will post 3.09 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SCHW shares. Jefferies Financial Group lifted their price objective on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charles Schwab from $84.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Bank of America cut their target price on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lowered their target price on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Finally, Citigroup increased their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Three 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.27.

Insider Activity

In other news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the transaction, the insider now directly owns 61,887 shares in the company, valued at approximately $4,035,032.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 26,315 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $76.13, for a total transaction of $2,003,360.95. Following the transaction, the director now owns 1,674,571 shares of the company’s stock, valued at approximately $127,485,090.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 1,150 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the transaction, the insider now owns 61,887 shares in the company, valued at approximately $4,035,032.40. The disclosure for this sale can be found here. Insiders have sold a total of 273,586 shares of company stock worth $19,570,869 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

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.