Ironwood Investment Counsel LLC Sells 162 Shares of The Charles Schwab Co. (NYSE:SCHW)

Ironwood Investment Counsel LLC cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,333 shares of the financial services provider’s stock after selling 162 shares during the quarter. Charles Schwab comprises about 1.4% of Ironwood Investment Counsel LLC’s portfolio, making the stock its 15th biggest position. Ironwood Investment Counsel LLC’s holdings in Charles Schwab were worth $8,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SCHW. Caisse DE Depot ET Placement DU Quebec raised its stake in Charles Schwab by 141.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,099,801 shares of the financial services provider’s stock valued at $71,278,000 after buying an additional 644,440 shares during the last quarter. Auxier Asset Management purchased a new stake in Charles Schwab in the third quarter valued at $522,000. William Allan Corp boosted its stake in shares of Charles Schwab by 1.0% in the third quarter. William Allan Corp now owns 49,155 shares of the financial services provider’s stock worth $3,186,000 after buying an additional 482 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in Charles Schwab by 4.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,514 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 222 shares in the last quarter. Finally, Providence Wealth Advisors LLC grew its position in Charles Schwab by 2.4% during the third quarter. Providence Wealth Advisors LLC now owns 16,807 shares of the financial services provider’s stock valued at $1,203,000 after buying an additional 400 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SCHW has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Raymond James lowered their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Cowen increased their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a report 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, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $74.18.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,968 shares of company stock valued at $9,419,271 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Trading Up 0.2 %

Shares of Charles Schwab stock opened at $82.79 on Friday. The company has a market capitalization of $147.34 billion, a P/E ratio of 32.34, a P/E/G ratio of 1.79 and a beta of 0.96. The Charles Schwab Co. has a 1 year low of $59.61 and a 1 year high of $83.35. 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 business has a 50 day moving average price of $72.37 and a 200 day moving average price of $70.08.

Charles Schwab (NYSE:SCHW) last posted its quarterly 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 return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

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.