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

Vivid Wealth Management LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.5% in the 4th quarter, HoldingsChannel reports. The fund owned 6,894 shares of the financial services provider’s stock after selling 558 shares during the period. Vivid Wealth Management LLC’s holdings in Charles Schwab were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hickory Asset Management Inc. acquired a new position in shares of Charles Schwab in the 4th quarter valued at $1,301,000. Manchester Capital Management LLC boosted its holdings in shares of Charles Schwab by 59.5% in the 4th quarter. Manchester Capital Management LLC now owns 2,753 shares of the financial services provider’s stock valued at $204,000 after buying an additional 1,027 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Charles Schwab by 0.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 38,565 shares of the financial services provider’s stock valued at $2,854,000 after buying an additional 303 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of Charles Schwab by 11.6% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,905,316 shares of the financial services provider’s stock valued at $141,012,000 after buying an additional 197,545 shares in the last quarter. Finally, Kanawha Capital Management LLC acquired a new position in shares of Charles Schwab in the 4th quarter valued at $934,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold a total of 512,143 shares of company stock valued at $41,917,493 in the last ninety days. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SCHW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley upped their price target on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Citigroup upped their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Redburn Partners reduced their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Finally, Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $84.56.

Charles Schwab Stock Performance

NYSE:SCHW opened at $80.32 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The stock has a market cap of $142.94 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The firm’s fifty day simple moving average is $78.06 and its 200-day simple moving average is $72.25.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio is 33.44%.

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.