The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Claro Advisors LLC

Claro Advisors LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,613 shares of the financial services provider’s stock after selling 560 shares during the quarter. Claro Advisors LLC’s holdings in Charles Schwab were worth $299,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SCHW. Country Trust Bank acquired a new position in Charles Schwab during the 2nd quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter worth about $25,000. Washington Trust Advisors Inc. boosted its stake 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 period. Fortitude Family Office LLC grew its holdings in shares of Charles Schwab by 97.5% in the second quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Finally, American Capital Advisory LLC acquired a new stake in Charles Schwab during the 2nd quarter worth approximately $27,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.9 %

SCHW opened at $81.40 on Tuesday. The firm has a market cap of $144.86 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The Charles Schwab Co. has a 52 week low of $55.42 and a 52 week high of $82.50. The business’s 50 day moving average is $69.10 and its two-hundred day moving average is $69.64. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced 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. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.77 EPS. On average, research analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. JMP Securities upped their price target on Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Jefferies Financial Group cut their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Finally, Bank of America decreased their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $74.18.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated 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 directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,645 shares of company stock valued at $7,440,627 over the last quarter. 6.60% of the stock is currently owned by insiders.

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.