Ironwood Financial llc Sells 231 Shares of The Charles Schwab Co. (NYSE:SCHW)

Ironwood Financial llc lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 10,002 shares of the financial services provider’s stock after selling 231 shares during the quarter. Ironwood Financial llc’s holdings in Charles Schwab were worth $648,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SCHW. Nelson Capital Management LLC increased its holdings in shares of Charles Schwab by 0.4% in the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock worth $2,729,000 after purchasing an additional 141 shares during the period. Abbrea Capital LLC increased its stake in Charles Schwab by 2.5% in the 1st quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 142 shares during the last quarter. Alliance Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 2.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 142 shares in the last quarter. Ascent Wealth Partners LLC boosted its position in shares of Charles Schwab by 0.7% during the 2nd quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock valued at $1,721,000 after acquiring an additional 164 shares during the last quarter. Finally, Sutton Place Investors LLC grew its holdings in shares of Charles Schwab by 2.1% during the second quarter. Sutton Place Investors LLC now owns 8,086 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.2 %

Shares of NYSE:SCHW traded up $0.16 during trading on Thursday, reaching $72.24. 157,893 shares of the company traded hands, compared to its average volume of 8,071,187. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The business’s fifty day moving average is $64.61 and its 200-day moving average is $69.51. The firm has a market capitalization of $128.39 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 1.43 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. As a group, analysts forecast that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent analyst reports. Bank of America lowered their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday. Piper Sandler raised their price objective on shares of Charles Schwab from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday. Jefferies Financial Group cut their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, October 4th. UBS Group lowered their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.59.

Insider Activity

In related news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the sale, the insider now owns 61,887 shares of the company’s stock, valued at $4,035,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the transaction, the director now owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the sale, the insider now owns 61,887 shares in the company, valued at $4,035,032.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,856 shares of company stock valued at $6,398,604. Company insiders own 6.60% of the company’s stock.

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.