Massmutual Trust Co. FSB ADV Cuts Position in The Charles Schwab Co. (NYSE:SCHW)

Massmutual Trust Co. FSB ADV lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,987 shares of the financial services provider’s stock after selling 803 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Charles Schwab were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHW. Country Trust Bank acquired a new position in shares of Charles Schwab during the 2nd quarter worth about $26,000. American Capital Advisory LLC acquired a new stake in shares of Charles Schwab in the second quarter worth approximately $27,000. Fortitude Family Office LLC increased its position in shares of Charles Schwab by 97.5% during the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. CGC Financial Services LLC acquired a new position in Charles Schwab in the 2nd quarter valued at $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Charles Schwab in the 2nd quarter valued at $29,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Up 2.1 %

NYSE:SCHW opened at $64.75 on Friday. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week 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 0.65. The stock’s fifty day moving average is $63.97 and its two-hundred day moving average is $69.72. The stock has a market capitalization of $115.15 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. Charles Schwab’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Research analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SCHW shares. JPMorgan Chase & Co. dropped their target price on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Morgan Stanley decreased their target price on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Barclays lowered their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Jefferies Financial Group reduced their price objective on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday. Finally, JMP Securities dropped their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $72.38.

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 780 shares of Charles Schwab stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,355,175. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the transaction, the director now owns 567,057 shares of the company’s stock, valued at $35,134,851.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 780 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,636 shares of company stock valued at $6,457,104 in the last three months. 6.60% of the stock is owned by corporate insiders.

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.