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

Radnor Capital Management LLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 88,379 shares of the financial services provider’s stock after selling 5,448 shares during the period. Charles Schwab accounts for 1.1% of Radnor Capital Management LLC’s holdings, making the stock its 15th biggest position. Radnor Capital Management LLC’s holdings in Charles Schwab were worth $6,541,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Alliance Wealth Advisors LLC boosted its position 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 worth $347,000 after buying an additional 142 shares in the last quarter. Michael S. Ryan Inc. raised its position in Charles Schwab by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 144 shares during the last quarter. GS Investments Inc. lifted its holdings in shares of Charles Schwab by 0.3% in the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after purchasing an additional 146 shares in the last quarter. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Finally, Arcataur Capital Management LLC increased its stake in shares of Charles Schwab by 2.3% during the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the sale, the director now directly owns 551,329 shares in the company, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,623 shares of company stock worth $4,321,562 over the last quarter. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Down 0.5 %

SCHW opened at $72.30 on Wednesday. The company has a market cap of $128.67 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. 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 1 year low of $59.67 and a 1 year high of $83.35. The firm has a 50 day moving average price of $77.62 and a 200 day moving average price of $70.58.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SCHW shares. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group upped their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company decreased their price target on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Bank of America reduced their price objective 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, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.63.

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.