Westover Capital Advisors LLC Trims Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Westover Capital Advisors LLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 48.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,412 shares of the financial services provider’s stock after selling 8,750 shares during the period. Westover Capital Advisors LLC’s holdings in Charles Schwab were worth $697,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SCHW. Farther Finance Advisors LLC raised its stake in Charles Schwab by 2.8% during the third quarter. Farther Finance Advisors LLC now owns 27,350 shares of the financial services provider’s stock worth $1,773,000 after purchasing an additional 751 shares during the period. Pure Financial Advisors LLC raised its stake in shares of Charles Schwab by 12.8% in the 3rd quarter. Pure Financial Advisors LLC now owns 5,480 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 622 shares during the period. BSW Wealth Partners raised its stake in shares of Charles Schwab by 29.8% in the 3rd quarter. BSW Wealth Partners now owns 5,847 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 1,344 shares during the period. TrueWealth Advisors LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $213,000. Finally, KG&L Capital Management LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $587,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SCHW. Morgan Stanley boosted 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 note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Barclays boosted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price target for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $86.33.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock worth $39,938,849 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 1.8 %

SCHW opened at $78.08 on Tuesday. The business’s 50-day simple moving average is $78.44 and its 200-day simple moving average is $73.76. The company has a market cap of $139.08 billion, a P/E ratio of 26.11, a PEG ratio of 0.99 and a beta of 0.99. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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 company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date of this dividend was 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 yield of 1.38%. Charles Schwab’s payout ratio is 36.12%.

Charles Schwab Company 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.