Strata Wealth Advisors LLC Has $2.43 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Strata Wealth Advisors LLC reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 20.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,590 shares of the financial services provider’s stock after selling 8,684 shares during the quarter. Charles Schwab accounts for about 0.9% of Strata Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Strata Wealth Advisors LLC’s holdings in Charles Schwab were worth $2,430,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Investment Research & Advisory Group Inc. boosted its holdings in Charles Schwab by 1.0% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after purchasing an additional 2,322,156 shares during the last quarter. Brown Advisory Inc. boosted its stake in Charles Schwab by 24.3% in the fourth quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after acquiring an additional 857,734 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after acquiring an additional 160,719 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Charles Schwab by 13.0% in the fourth quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock valued at $91,462,000 after acquiring an additional 152,967 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 658,663 shares of company stock valued at $48,997,146. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.13 during trading on Friday, reaching $73.69. The company had a trading volume of 8,997,560 shares, compared to its average volume of 5,743,318. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The stock has a market capitalization of $130.97 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96. The company has a fifty day moving average of $74.42 and a two-hundred day moving average of $69.84. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

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

Charles Schwab Dividend Announcement

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

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Barclays boosted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. lowered their price target on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Finally, TD Cowen lowered their price target on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $75.56.

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.