The Charles Schwab Co. (NYSE:SCHW) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.2% in the fourth quarter, Holdings Channel reports. The firm owned 11,760 shares of the financial services provider’s stock after selling 1,788 shares during the period. SeaCrest Wealth Management LLC’s holdings in Charles Schwab were worth $870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHW. Wynn Capital LLC boosted its stake in Charles Schwab by 1.1% during the fourth quarter. Wynn Capital LLC now owns 27,648 shares of the financial services provider’s stock worth $2,046,000 after buying an additional 295 shares during the period. Tlwm lifted its holdings in shares of Charles Schwab by 4.4% in the 4th quarter. Tlwm now owns 16,461 shares of the financial services provider’s stock worth $1,218,000 after acquiring an additional 695 shares during the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Charles Schwab by 3.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 42,090 shares of the financial services provider’s stock worth $3,115,000 after purchasing an additional 1,314 shares during the period. Professional Financial Advisors LLC boosted its position in shares of Charles Schwab by 3.2% during the 4th quarter. Professional Financial Advisors LLC now owns 20,637 shares of the financial services provider’s stock worth $1,527,000 after purchasing an additional 646 shares during the period. Finally, Marion Wealth Management acquired a new stake in Charles Schwab in the 4th quarter valued at approximately $206,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCHW has been the topic of a number of research reports. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $74.00 to $95.00 in a research note on Monday, December 9th. Bank of America decreased their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Jefferies Financial Group raised their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.63.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $73.75 on Thursday. The stock’s 50-day moving average is $77.62 and its two-hundred day moving average is $70.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1-year low of $59.67 and a 1-year high of $83.35. The company has a market cap of $131.25 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Charles Schwab’s payout ratio is currently 39.06%.

Insider Activity

In related news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is currently owned by 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.