The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,275 shares of the financial services provider’s stock after selling 508 shares during the quarter. Charles Schwab comprises approximately 1.4% of Argus Investors Counsel Inc.’s holdings, making the stock its 22nd largest position. Argus Investors Counsel Inc.’s holdings in Charles Schwab were worth $2,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Washington Trust Advisors Inc. lifted its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab in the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in Charles Schwab during the third quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab during the third quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab in the 3rd quarter valued at about $33,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.0 %

SCHW opened at $81.79 on Thursday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.84. 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 business has a 50 day moving average price of $77.97 and a 200 day moving average price of $71.57. The firm has a market cap of $145.57 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. Charles Schwab’s payout ratio is presently 33.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Citigroup lifted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Barclays increased their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Raymond James dropped their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. Finally, Cowen raised their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $84.11.

Insider Activity at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the sale, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,014 shares of company stock worth $4,052,281 in the last 90 days. 6.60% of the stock is owned by company insiders.

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.