Powell Investment Advisors LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Powell Investment Advisors LLC lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 5.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 11,149 shares of the financial services provider’s stock after selling 589 shares during the quarter. Powell Investment Advisors LLC’s holdings in Charles Schwab were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cypress Wealth Services LLC raised its position in Charles Schwab by 9.4% during the first quarter. Cypress Wealth Services LLC now owns 7,817 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 669 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Charles Schwab by 10.7% in the first quarter. 180 Wealth Advisors LLC now owns 35,693 shares of the financial services provider’s stock worth $2,582,000 after buying an additional 3,453 shares during the period. Lincoln Capital Corp increased its holdings in shares of Charles Schwab by 27.0% in the first quarter. Lincoln Capital Corp now owns 64,414 shares of the financial services provider’s stock worth $4,660,000 after buying an additional 13,689 shares during the period. Thrive Wealth Management LLC increased its holdings in shares of Charles Schwab by 9.6% in the first quarter. Thrive Wealth Management LLC now owns 3,621 shares of the financial services provider’s stock worth $262,000 after buying an additional 317 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Charles Schwab by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 976,477 shares of the financial services provider’s stock worth $70,638,000 after buying an additional 35,164 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

SCHW traded up $0.13 during mid-day trading on Friday, reaching $73.69. 8,919,266 shares of the company traded hands, compared to its average volume of 7,360,662. The stock has a market capitalization of $130.97 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.13 and a beta of 0.96. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average price is $74.40 and its 200-day moving average price is $69.68. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analysts Set New Price Targets

Several research analysts have recently commented on SCHW shares. Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. cut their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Deutsche Bank Aktiengesellschaft cut their target price on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. UBS Group raised their target price on Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Morgan Stanley raised their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $75.56.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Mark A. Goldfarb sold 7,100 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total transaction of $503,106.00. Following the completion of the transaction, the director now owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, Director Mark A. Goldfarb sold 7,100 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total transaction of $503,106.00. Following the completion of the transaction, the director now owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the sale, the insider now owns 71,446 shares in the company, valued at $5,172,690.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 658,663 shares of company stock worth $48,997,146. 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.