The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Fullcircle Wealth LLC

Fullcircle Wealth LLC lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 48.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,498 shares of the financial services provider’s stock after selling 6,075 shares during the quarter. Fullcircle Wealth LLC’s holdings in Charles Schwab were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Norden Group LLC purchased a new position in Charles Schwab in the first quarter valued at approximately $1,256,000. J.W. Cole Advisors Inc. grew its position in shares of Charles Schwab by 17.3% during the first quarter. J.W. Cole Advisors Inc. now owns 5,240 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 771 shares during the last quarter. Mission Wealth Management LP purchased a new position in shares of Charles Schwab during the first quarter worth approximately $521,000. Janney Montgomery Scott LLC grew its position in shares of Charles Schwab by 7.8% during the first quarter. Janney Montgomery Scott LLC now owns 630,167 shares of the financial services provider’s stock worth $45,586,000 after acquiring an additional 45,380 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Charles Schwab by 9.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,279 shares of the financial services provider’s stock worth $2,769,000 after purchasing an additional 3,285 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the completion of the sale, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,465 shares of company stock valued at $8,050,109 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SCHW. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley increased their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Citigroup reduced their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $73.94.

Charles Schwab Trading Up 0.2 %

Shares of NYSE:SCHW traded up $0.11 during trading on Friday, reaching $70.94. 6,266,153 shares of the stock were exchanged, compared to its average volume of 8,068,163. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a 12-month low of $53.49 and a 12-month high of $79.49. The firm has a market cap of $126.16 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96. The firm’s 50-day moving average price is $66.39 and its 200 day moving average price is $69.53.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. Charles Schwab’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

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.