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

MCF Advisors LLC reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,107 shares of the financial services provider’s stock after selling 166 shares during the period. MCF Advisors LLC’s holdings in Charles Schwab were worth $461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management increased its holdings in Charles Schwab by 27.7% during the 1st quarter. Brookstone Capital Management now owns 10,928 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 2,372 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in Charles Schwab by 20.4% during the 1st quarter. Financial Management Professionals Inc. now owns 3,446 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 585 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Charles Schwab by 56.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 30,315 shares of the financial services provider’s stock worth $2,193,000 after acquiring an additional 10,966 shares in the last quarter. Guidance Capital Inc. bought a new stake in shares of Charles Schwab in the 1st quarter worth about $928,000. Finally, New Mexico Educational Retirement Board raised its stake in shares of Charles Schwab by 13.1% in the 1st quarter. New Mexico Educational Retirement Board now owns 87,387 shares of the financial services provider’s stock valued at $6,322,000 after purchasing an additional 10,100 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now owns 562,129 shares in the company, valued at approximately $36,594,597.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the sale, the director now owns 562,129 shares in the company, valued at approximately $36,594,597.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,001 shares of company stock worth $12,512,592. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SCHW. Morgan Stanley boosted their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday. Cowen boosted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charles Schwab from $77.00 to $76.00 in a report on Tuesday, October 15th. Bank of America dropped their target price 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. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.94.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.77 during midday trading on Friday, reaching $71.82. 4,503,918 shares of the company were exchanged, compared to its average volume of 8,060,867. The company’s 50 day moving average price is $65.73 and its two-hundred day moving average price is $69.51. The company has a market cap of $127.64 billion, a P/E ratio of 30.05, a PEG ratio of 1.63 and a beta of 0.97. The Charles Schwab Co. has a 12 month low of $49.16 and a 12 month high of $79.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.11 earnings per share for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors 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 yield of 1.39%. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.