The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC trimmed its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.3% during the first quarter, HoldingsChannel.com reports. The fund owned 13,593 shares of the financial services provider’s stock after selling 325 shares during the period. Panoramic Investment Advisors LLC’s holdings in Charles Schwab were worth $983,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHW. Tributary Capital Management LLC purchased a new stake in shares of Charles Schwab in the first quarter valued at $31,000. Sugarloaf Wealth Management LLC lifted its stake in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab during the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the 4th quarter valued at about $31,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $34,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $0.02 on Tuesday, reaching $73.40. The stock had a trading volume of 713,460 shares, compared to its average volume of 7,281,084. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The business’s 50-day moving average price is $74.42 and its two-hundred day moving average price is $69.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $130.45 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.14 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm 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 forecast that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on SCHW. Keefe, Bruyette & Woods restated a “market perform” rating and set a $76.00 price target on shares of Charles Schwab in a report on Monday, June 17th. Barclays boosted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. StockNews.com lowered Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Citigroup boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, TD Cowen cut their price target on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.56.

Insider Transactions at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bernard J. Clark sold 77,431 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Over the last quarter, insiders have 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.