Aviso Wealth Management Has $949,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

Aviso Wealth Management decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,644 shares of the financial services provider’s stock after selling 1,075 shares during the quarter. Aviso Wealth Management’s holdings in Charles Schwab were worth $949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in Charles Schwab during the 3rd quarter worth approximately $270,000. Equity Investment Corp boosted its stake in shares of Charles Schwab by 9.4% in the 3rd quarter. Equity Investment Corp now owns 1,640,157 shares of the financial services provider’s stock valued at $106,299,000 after purchasing an additional 140,643 shares during the last quarter. Aljian Capital Management LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at $315,000. Thrivent Financial for Lutherans boosted its stake in shares of Charles Schwab by 23.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,419,886 shares of the financial services provider’s stock valued at $156,832,000 after purchasing an additional 464,597 shares during the last quarter. Finally, RiverPark Advisors LLC boosted its stake in shares of Charles Schwab by 13.4% in the 3rd quarter. RiverPark Advisors LLC now owns 16,917 shares of the financial services provider’s stock valued at $1,096,000 after purchasing an additional 1,994 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the sale, the director now owns 551,329 shares in the company, valued at $39,783,900.64. The trade was a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,645 shares of company stock worth $7,440,627. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SCHW shares. Wells Fargo & Company increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Raymond James lowered their price objective on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Bank of America lowered their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.18.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $80.64 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $143.51 billion, a PE ratio of 31.50, a P/E/G ratio of 1.76 and a beta of 0.96. The Charles Schwab Co. has a twelve month low of $55.09 and a twelve month high of $82.50. The company has a 50-day moving average price of $68.74 and a two-hundred day moving average price of $69.59.

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

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

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.