Colton Groome Financial Advisors LLC Sells 1,098 Shares of The Charles Schwab Co. (NYSE:SCHW)

Colton Groome Financial Advisors LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,130 shares of the financial services provider’s stock after selling 1,098 shares during the period. Colton Groome Financial Advisors LLC’s holdings in Charles Schwab were worth $676,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab in the third quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the third quarter worth $31,000. Future Financial Wealth Managment LLC bought a new stake in Charles Schwab during the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab during the 3rd quarter valued at $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.6 %

Shares of Charles Schwab stock opened at $82.20 on Thursday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. 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 stock has a market cap of $146.28 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.46 and a beta of 0.99. The firm’s 50-day moving average is $77.86 and its two-hundred day moving average is $70.92.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts expect that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.31%. Charles Schwab’s payout ratio is 33.44%.

Insiders Place Their Bets

In other news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on SCHW. Citigroup raised their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. UBS Group raised their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America reduced their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Finally, Barclays lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.11.

Get Our Latest Research Report on Charles Schwab

About Charles Schwab

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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