Valeo Financial Advisors LLC Sells 10,133 Shares of The Charles Schwab Co. (NYSE:SCHW)

Valeo Financial Advisors LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 20.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,867 shares of the financial services provider’s stock after selling 10,133 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Charles Schwab were worth $2,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Investment Research & Advisory Group Inc. grew its position in shares of Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after acquiring an additional 607 shares during the period. Morningstar Investment Services LLC grew its position in shares of Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after acquiring an additional 2,322,156 shares during the period. Brown Advisory Inc. lifted its stake in shares of Charles Schwab by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after buying an additional 857,734 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after buying an additional 160,719 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after buying an additional 152,967 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the transaction, the insider now directly owns 71,446 shares in the company, valued at approximately $5,172,690.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Joseph R. Martinetto sold 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total value of $3,045,690.00. Following the completion of the sale, the chief operating officer now owns 41,414 shares of the company’s stock, valued at approximately $2,933,353.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the completion of the sale, the insider now directly owns 71,446 shares of the company’s stock, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 658,663 shares of company stock worth $48,997,146. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. TD Cowen lowered their target price on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Finally, Morgan Stanley boosted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $75.56.

Charles Schwab Stock Performance

Charles Schwab stock opened at $74.08 on Thursday. The company’s 50-day moving average price is $74.38 and its 200-day moving average price is $69.88. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. 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 company has a market cap of $131.66 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. On average, equities research analysts forecast that The Charles Schwab Co. will post 3.25 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.35%. Charles Schwab’s payout ratio is 41.84%.

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.