Exencial Wealth Advisors LLC Sells 432 Shares of The Charles Schwab Co. (NYSE:SCHW)

Exencial Wealth Advisors LLC trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,598 shares of the financial services provider’s stock after selling 432 shares during the period. Exencial Wealth Advisors LLC’s holdings in Charles Schwab were worth $266,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares during the period. Veritas Asset Management LLP acquired a new position in Charles Schwab during the fourth quarter worth $185,649,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Charles Schwab by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after buying an additional 1,711,312 shares in the last quarter. KBC Group NV grew its holdings in shares of Charles Schwab by 186.7% during the fourth quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock valued at $158,236,000 after buying an additional 1,392,255 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Charles Schwab during the third quarter worth about $86,845,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Down 1.6 %

Shares of NYSE SCHW opened at $75.53 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $136.97 billion, a PE ratio of 25.26, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The business’s fifty day moving average price is $78.50 and its 200-day moving average price is $73.86.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.43%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 491,200 shares of company stock worth $40,206,950. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SCHW shares. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Jefferies Financial Group lifted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, UBS Group increased their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $86.33.

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.