The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 68.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,466 shares of the financial services provider’s stock after selling 49,883 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Charles Schwab were worth $1,521,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nelson Capital Management LLC grew its holdings in Charles Schwab by 0.4% during the 1st quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock worth $2,729,000 after acquiring an additional 141 shares in the last quarter. Abbrea Capital LLC increased its holdings in Charles Schwab by 2.5% in the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after buying an additional 142 shares during the last quarter. Ironwood Financial llc raised its stake in Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after buying an additional 160 shares in the last quarter. Ascent Wealth Partners LLC lifted its holdings in Charles Schwab by 0.7% during the 2nd quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock worth $1,721,000 after buying an additional 164 shares during the last quarter. Finally, Sutton Place Investors LLC boosted its position in shares of Charles Schwab by 2.1% during the 2nd quarter. Sutton Place Investors LLC now owns 8,086 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.9 %

Charles Schwab stock opened at $64.89 on Wednesday. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The firm has a market capitalization of $115.33 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97. The stock’s fifty day moving average is $63.95 and its two-hundred day moving average is $69.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts predict that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insider Activity

In other Charles Schwab news, President Richard A. Wurster bought 10,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The shares were purchased at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the completion of the transaction, the president now owns 144,228 shares of the company’s stock, valued at $8,949,347.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Richard A. Wurster purchased 10,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were bought at an average price of $62.05 per share, with a total value of $620,500.00. Following the completion of the purchase, the president now directly owns 144,228 shares in the company, valued at approximately $8,949,347.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,636 shares of company stock valued at $6,457,104 over the last 90 days. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SCHW. Citigroup lowered their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Jefferies Financial Group dropped their price objective on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on 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 dropped their price target on Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, JMP Securities reduced their price objective on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $72.25.

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.