The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 62,917 shares of the financial services provider’s stock after selling 723 shares during the period. Charles Schwab makes up approximately 1.0% of Lincoln Capital LLC’s portfolio, making the stock its 25th largest position. Lincoln Capital LLC’s holdings in Charles Schwab were worth $4,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC increased its stake in shares of Charles Schwab by 21.1% during the second quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 4,395 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Charles Schwab by 79.4% in the 2nd quarter. King Luther Capital Management Corp now owns 26,492 shares of the financial services provider’s stock valued at $1,952,000 after purchasing an additional 11,721 shares in the last quarter. AE Wealth Management LLC boosted its stake in Charles Schwab by 8.1% during the 2nd quarter. AE Wealth Management LLC now owns 54,686 shares of the financial services provider’s stock worth $4,030,000 after purchasing an additional 4,081 shares during the last quarter. Pacer Advisors Inc. grew its stake in Charles Schwab by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 106,653 shares of the financial services provider’s stock valued at $7,859,000 after acquiring an additional 4,696 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its stake in Charles Schwab by 10.4% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,725 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SCHW. Morgan Stanley lifted their price target on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday. JPMorgan Chase & Co. increased their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group increased their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $81.41.

Insider Activity at Charles Schwab

In related news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock valued at $2,171,194 over the last quarter. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Up 1.4 %

SCHW stock opened at $76.53 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35. The firm has a market capitalization of $136.20 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.19 and a beta of 0.99. The company’s 50 day moving average price is $77.68 and its 200 day moving average price is $70.63.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Charles Schwab Company 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.