The Charles Schwab Co. (NYSE:SCHW) Shares Sold by AA Financial Advisors LLC

AA Financial Advisors LLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,602 shares of the financial services provider’s stock after selling 425 shares during the period. AA Financial Advisors LLC’s holdings in Charles Schwab were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares in the last quarter. Norges Bank purchased a new position in Charles Schwab during the fourth quarter worth about $950,192,000. Boston Partners boosted its holdings in Charles Schwab by 424.7% in the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock valued at $305,400,000 after purchasing an additional 3,602,830 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in shares of Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after buying an additional 2,322,156 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Charles Schwab by 19.7% in the fourth quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock valued at $651,722,000 after purchasing an additional 1,558,975 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the sale, the insider now owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the transaction, the director now directly owns 567,057 shares of the company’s stock, valued at $35,134,851.72. The disclosure for this sale can be found here. Insiders have sold 181,911 shares of company stock worth $12,541,978 in the last ninety days. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a report on Thursday, July 11th. Bank of America decreased their price target on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charles Schwab from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. JMP Securities lowered their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. Finally, Jefferies Financial Group boosted their price target on shares of Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average target price of $74.27.

Charles Schwab Stock Up 2.1 %

Charles Schwab stock traded up $1.34 during midday trading on Wednesday, reaching $63.83. The company’s stock had a trading volume of 3,709,292 shares, compared to its average volume of 7,966,158. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a market cap of $113.52 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.18 and a beta of 0.99. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $69.67 and a 200-day simple moving average of $69.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts expect that The Charles Schwab Co. will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

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.