Carolinas Wealth Consulting LLC Sells 301 Shares of The Charles Schwab Co. (NYSE:SCHW)

Carolinas Wealth Consulting LLC trimmed its stake in The Charles Schwab Co. (NYSE:SCHW) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,902 shares of the financial services provider’s stock after selling 301 shares during the quarter. Carolinas Wealth Consulting LLC’s holdings in Charles Schwab were worth $214,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SCHW. Price T Rowe Associates Inc. MD boosted its holdings in Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after acquiring an additional 17,369,091 shares in the last quarter. Morningstar Investment Services LLC boosted its holdings in Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after acquiring an additional 2,322,156 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Charles Schwab by 28,736.1% during the first quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock valued at $107,471,000 after purchasing an additional 1,480,485 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Charles Schwab during the first quarter valued at $105,563,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Charles Schwab by 13.3% during the fourth quarter. Wellington Management Group LLP now owns 11,668,610 shares of the financial services provider’s stock valued at $802,800,000 after purchasing an additional 1,373,223 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Shares of SCHW opened at $63.56 on Thursday. 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 business has a 50-day simple moving average of $64.70 and a two-hundred day simple moving average of $69.98. The stock has a market cap of $112.96 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.16 and a beta of 0.97. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business 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%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, analysts expect that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, August 9th. Charles Schwab’s payout ratio is 41.84%.

Insiders Place Their Bets

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the sale, the director now owns 567,057 shares in the company, valued at $35,134,851.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the sale, the director now owns 567,057 shares in the company, valued at $35,134,851.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 780 shares of the 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 sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The disclosure for this sale can be found here. Insiders sold a total of 90,636 shares of company stock worth $5,880,654 over the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SCHW. Wells Fargo & Company began coverage on Charles Schwab in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $80.00 price target on shares of Charles Schwab in a report on Thursday, August 22nd. TD Cowen reaffirmed a “hold” rating and set a $71.00 price target (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, Jefferies Financial Group upped their price target on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 8th. Three 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.75.

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.