Diversify Advisory Services LLC Has $3.01 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Diversify Advisory Services LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,314 shares of the financial services provider’s stock after selling 983 shares during the period. Diversify Advisory Services LLC’s holdings in Charles Schwab were worth $3,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHW. Client 1ST Advisory Group LLC bought a new position in Charles Schwab during the 4th quarter worth approximately $320,000. Grove Bank & Trust raised its holdings in Charles Schwab by 7.5% in the fourth quarter. Grove Bank & Trust now owns 2,340 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 163 shares during the period. HF Advisory Group LLC boosted its position in shares of Charles Schwab by 1.3% during the fourth quarter. HF Advisory Group LLC now owns 37,869 shares of the financial services provider’s stock worth $2,803,000 after purchasing an additional 492 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Charles Schwab by 13.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 17,151 shares of the financial services provider’s stock valued at $1,269,000 after buying an additional 2,096 shares during the period. Finally, Moss Adams Wealth Advisors LLC bought a new stake in shares of Charles Schwab in the 4th quarter valued at $252,000. 84.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SCHW has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group boosted their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Citigroup cut their price target on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. JMP Securities restated a “market outperform” rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Morgan Stanley upped their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $81.41.

Charles Schwab Trading Up 1.4 %

NYSE SCHW opened at $76.53 on Monday. The company has a market cap of $136.20 billion, a PE ratio of 29.90, a PEG ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The stock has a 50 day moving average of $77.68 and a 200-day moving average of $70.63. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock worth $2,171,194 in the last ninety days. Insiders own 6.60% of the company’s stock.

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.