The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Garrison Bradford & Associates Inc.

Garrison Bradford & Associates Inc. reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,269 shares of the financial services provider’s stock after selling 336 shares during the period. Charles Schwab accounts for about 1.9% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 15th biggest holding. Garrison Bradford & Associates Inc.’s holdings in Charles Schwab were worth $1,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHW. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter valued at about $25,000. Washington Trust Advisors Inc. increased its position in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab during the third quarter valued at about $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab during the third quarter valued at about $33,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Charles Schwab during the third quarter valued at about $35,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Down 1.3 %

Shares of NYSE:SCHW opened at $74.58 on Friday. The company has a market capitalization of $135.25 billion, a PE ratio of 24.94, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The firm has a 50 day simple moving average of $78.50 and a 200-day simple moving average of $73.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. On average, equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley raised their price objective 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. JMP Securities reissued a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective 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. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $86.33.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock valued at $40,952,233 in the last ninety days. 6.60% of the stock is currently owned by company 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.