Tobam Sells 1,147 Shares of The Charles Schwab Co. (NYSE:SCHW)

Tobam cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 31.4% during the 4th quarter, Holdings Channel reports. The fund owned 2,505 shares of the financial services provider’s stock after selling 1,147 shares during the period. Tobam’s holdings in Charles Schwab were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s 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 sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,014 shares of company stock worth $4,052,281. Insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SCHW shares. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Bank of America lowered their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.50.

Charles Schwab Trading Down 0.5 %

Shares of SCHW stock opened at $83.18 on Friday. The company has a market cap of $148.04 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.04. The stock’s 50 day simple moving average is $77.99 and its two-hundred day simple moving average is $71.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. Research analysts predict that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost 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 1.30%. Charles Schwab’s payout ratio is currently 33.44%.

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.