Moss Adams Wealth Advisors LLC Purchases Shares of 3,412 The Charles Schwab Co. (NYSE:SCHW)

Moss Adams Wealth Advisors LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,412 shares of the financial services provider’s stock, valued at approximately $252,000.

Several other large investors have also made changes to their positions in SCHW. Krilogy Financial LLC raised its holdings in shares of Charles Schwab by 1.9% in the 4th quarter. Krilogy Financial LLC now owns 19,281 shares of the financial services provider’s stock worth $1,427,000 after purchasing an additional 364 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $422,000. Trust Co. of Vermont increased its position in Charles Schwab by 13.4% during the 4th quarter. Trust Co. of Vermont now owns 1,791 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 212 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its holdings in Charles Schwab by 50.6% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 4,661 shares of the financial services provider’s stock valued at $345,000 after buying an additional 1,566 shares during the period. Finally, Integrated Investment Consultants LLC lifted its position in Charles Schwab by 0.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 105,066 shares of the financial services provider’s stock valued at $7,776,000 after buying an additional 788 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock valued at $2,171,194 in the last quarter. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SCHW. The Goldman Sachs Group lifted their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Jefferies Financial Group upped their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $81.41.

Charles Schwab Stock Performance

Charles Schwab stock opened at $76.53 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. The company has a fifty day moving average price of $77.68 and a two-hundred day moving average price of $70.65. The company has a market cap of $136.20 billion, a PE ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab Announces Dividend

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

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.