Stablepoint Partners LLC Sells 257 Shares of The Charles Schwab Co. (NYSE:SCHW)

Stablepoint Partners LLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,229 shares of the financial services provider’s stock after selling 257 shares during the period. Stablepoint Partners LLC’s holdings in Charles Schwab were worth $957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in Charles Schwab in the fourth quarter worth approximately $1,455,000. Asset Management One Co. Ltd. lifted its stake in shares of Charles Schwab by 7.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock worth $47,674,000 after purchasing an additional 43,308 shares during the last quarter. Banco Santander S.A. boosted its position in Charles Schwab by 49.6% during the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider’s stock valued at $1,208,000 after purchasing an additional 5,413 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Charles Schwab by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider’s stock valued at $772,579,000 after purchasing an additional 60,683 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its holdings in Charles Schwab by 217.0% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider’s stock worth $3,578,000 after purchasing an additional 33,100 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Securities raised their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley raised their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Finally, Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Moderate Buy” and an average target price of $89.63.

Charles Schwab Trading Up 1.2%

Charles Schwab stock opened at $88.25 on Friday. The stock has a 50-day moving average price of $81.74 and a 200 day moving average price of $79.64. The company has a market capitalization of $160.35 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the previous year, the business posted $0.74 EPS. Sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. Charles Schwab’s dividend payout ratio is presently 32.73%.

Insider Buying and Selling at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank C. Herringer sold 3,592 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is owned by insiders.

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.