Integrated Wealth Concepts LLC Sells 5,159 Shares of The Charles Schwab Co. (NYSE:SCHW)

Integrated Wealth Concepts LLC cut its position in The Charles Schwab Co. (NYSE:SCHW) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,892 shares of the financial services provider’s stock after selling 5,159 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Charles Schwab were worth $771,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Patten & Patten Inc. TN boosted its position in Charles Schwab by 155.9% during the third quarter. Patten & Patten Inc. TN now owns 104,168 shares of the financial services provider’s stock worth $6,751,000 after purchasing an additional 63,463 shares during the period. Equity Investment Corp lifted its stake in shares of Charles Schwab by 9.4% during 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 buying an additional 140,643 shares in the last quarter. Teewinot Capital Advisers L.L.C. boosted its holdings in Charles Schwab by 9.0% in the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 775,161 shares of the financial services provider’s stock worth $57,122,000 after buying an additional 64,041 shares during the period. Iowa State Bank grew its stake in Charles Schwab by 37.9% in the 3rd quarter. Iowa State Bank now owns 28,476 shares of the financial services provider’s stock valued at $1,846,000 after buying an additional 7,829 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new stake in Charles Schwab during the 3rd quarter valued at $6,081,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.0 %

Shares of NYSE SCHW opened at $81.50 on Tuesday. The stock has a market capitalization of $145.04 billion, a P/E ratio of 31.84, a PEG ratio of 1.77 and a beta of 0.96. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The firm’s 50 day simple moving average is $74.41 and its two-hundred day simple moving average is $70.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

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

Charles Schwab Announces Dividend

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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.23%. Charles Schwab’s payout ratio is currently 39.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley raised their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target 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. Wells Fargo & Company upped their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Bank of America decreased their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $78.81.

Insider Activity

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,968 shares of company stock valued at $9,419,271. 6.60% of the stock is currently owned by company insiders.

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.