KRS Capital Management LLC Sells 188 Shares of The Charles Schwab Co. (NYSE:SCHW)

KRS Capital Management LLC lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,082 shares of the financial services provider’s stock after selling 188 shares during the period. KRS Capital Management LLC’s holdings in Charles Schwab were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. lifted its stake in shares of Charles Schwab by 20.4% during the 1st quarter. Financial Management Professionals Inc. now owns 3,446 shares of the financial services provider’s stock worth $249,000 after buying an additional 585 shares during the last quarter. Calton & Associates Inc. acquired a new stake in shares of Charles Schwab during the 1st quarter worth about $310,000. Sendero Wealth Management LLC lifted its stake in shares of Charles Schwab by 17.1% during the 1st quarter. Sendero Wealth Management LLC now owns 145,879 shares of the financial services provider’s stock worth $10,553,000 after buying an additional 21,262 shares during the last quarter. Indiana Trust & Investment Management CO lifted its stake in shares of Charles Schwab by 166.8% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,067 shares of the financial services provider’s stock worth $77,000 after buying an additional 667 shares during the last quarter. Finally, Cypress Wealth Services LLC lifted its stake in shares of Charles Schwab by 9.4% during the 1st quarter. Cypress Wealth Services LLC now owns 7,817 shares of the financial services provider’s stock worth $566,000 after buying an additional 669 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total transaction of $652,410.00. Following the completion of the transaction, the director now owns 570,657 shares in the company, valued at $41,366,925.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the transaction, the director now owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 658,663 shares of company stock worth $48,997,146. 6.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on SCHW. Keefe, Bruyette & Woods restated a “market perform” rating and set a $76.00 target price on shares of Charles Schwab in a research note on Monday, June 17th. Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $75.56.

Charles Schwab Stock Performance

SCHW traded up $0.13 during trading on Friday, hitting $73.69. 8,997,560 shares of the company traded hands, compared to its average volume of 5,743,318. The firm has a market cap of $130.97 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96. The stock’s fifty day moving average is $74.42 and its 200 day moving average is $69.78. 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 Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company 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%. As a group, equities analysts predict that The Charles Schwab Co. will post 3.25 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

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.