West Oak Capital LLC Reduces Position in The Charles Schwab Co. (NYSE:SCHW)

West Oak Capital LLC reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,462 shares of the financial services provider’s stock after selling 1,150 shares during the period. Charles Schwab accounts for about 1.0% of West Oak Capital LLC’s portfolio, making the stock its 29th largest holding. West Oak Capital LLC’s holdings in Charles Schwab were worth $2,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atwood & Palmer Inc. purchased a new stake in shares of Charles Schwab during the 1st quarter valued at approximately $25,000. WFA Asset Management Corp acquired a new position in shares of Charles Schwab in the 1st quarter valued at $33,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab during the 4th quarter worth $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $41,000. Finally, Investors Research Corp increased its position in shares of Charles Schwab by 75.2% during the 1st quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.1%

Shares of NYSE SCHW opened at $88.36 on Thursday. The business has a 50-day moving average of $82.58 and a two-hundred day moving average of $79.79. The company has a market capitalization of $160.55 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $89.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Cowen reaffirmed a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Redburn Atlantic raised Charles Schwab from a “sell” rating to a “neutral” rating and boosted their target price for the company from $65.00 to $82.00 in a research report on Monday. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.25.

Insider Activity at Charles Schwab

In related news, Director Frank C. Herringer sold 3,592 shares of the firm’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 transaction of $266,741.92. Following the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the sale, the insider now owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,608 shares of company stock valued at $8,392,040 over the last ninety days. Insiders own 6.30% of the company’s stock.

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.