Tlwm Has $1.18 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Tlwm trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 16,351 shares of the financial services provider’s stock after selling 285 shares during the period. Tlwm’s holdings in Charles Schwab were worth $1,183,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Courier Capital LLC lifted its position in shares of Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after buying an additional 161 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Sculati Wealth Management LLC boosted its position in Charles Schwab by 0.4% during the fourth quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock worth $2,956,000 after purchasing an additional 165 shares during the period. Manchester Capital Management LLC grew its holdings in Charles Schwab by 16.7% during the fourth quarter. Manchester Capital Management LLC now owns 1,190 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 170 shares during the last quarter. Finally, Red Spruce Capital LLC raised its position in shares of Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after purchasing an additional 172 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

SCHW stock traded up $0.30 during trading on Thursday, hitting $73.56. The company had a trading volume of 5,561,854 shares, compared to its average volume of 7,347,989. The company has a fifty day moving average price of $74.40 and a two-hundred day moving average price of $69.68. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. 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 $130.74 billion, a P/E ratio of 30.53, a P/E/G ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Equities research analysts expect that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Barclays increased their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. reduced their price objective on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Morgan Stanley raised their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, UBS Group upped their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.56.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Mark A. Goldfarb sold 7,100 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $70.86, for a total value of $503,106.00. Following the completion of the transaction, the director now directly owns 19,917 shares of the company’s stock, valued at $1,411,318.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Charles Schwab news, Director Mark A. Goldfarb sold 7,100 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $70.86, for a total transaction of $503,106.00. Following the completion of the sale, the director now directly owns 19,917 shares of the company’s stock, valued at approximately $1,411,318.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the sale, the insider now owns 71,446 shares of the company’s stock, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 658,663 shares of company stock worth $48,997,146. Insiders own 6.60% of the company’s stock.

Charles Schwab 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.