The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,852 shares of the financial services provider’s stock after selling 9,355 shares during the quarter. Gradient Investments LLC’s holdings in Charles Schwab were worth $15,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. International Assets Investment Management LLC boosted its stake in shares of Charles Schwab by 5.9% during the 4th quarter. International Assets Investment Management LLC now owns 10,994 shares of the financial services provider’s stock valued at $756,000 after buying an additional 612 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Charles Schwab during the fourth quarter valued at $191,000. Vontobel Holding Ltd. boosted its holdings in shares of Charles Schwab by 3.4% during the fourth quarter. Vontobel Holding Ltd. now owns 100,023 shares of the financial services provider’s stock worth $6,882,000 after purchasing an additional 3,294 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Charles Schwab in the fourth quarter valued at about $202,000. Finally, Mackenzie Financial Corp raised its position in Charles Schwab by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 499,900 shares of the financial services provider’s stock valued at $34,393,000 after acquiring an additional 2,079 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.5 %

SCHW stock traded up $0.32 during midday trading on Friday, hitting $65.55. 5,335,188 shares of the company’s stock were exchanged, compared to its average volume of 8,024,689. The stock has a market capitalization of $116.50 billion, a PE ratio of 27.42, a P/E/G ratio of 1.18 and a beta of 0.99. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The business has a 50-day simple moving average of $69.14 and a two-hundred day simple moving average of $69.93.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be given a $0.25 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analysts Set New Price Targets

SCHW has been the subject of a number of recent research reports. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. JMP Securities decreased their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 23rd. Bank of America lowered their price target on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $76.00 to $84.00 in a research report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab has an average rating of “Hold” and an average target price of $74.27.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Bernard J. Clark sold 77,431 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at approximately $8,630,986.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The disclosure for this sale can be found here. Insiders sold a total of 181,911 shares of company stock worth $12,541,978 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

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.