Good Life Advisors LLC Trims Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Good Life Advisors LLC trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,475 shares of the financial services provider’s stock after selling 484 shares during the period. Good Life Advisors LLC’s holdings in Charles Schwab were worth $652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter worth $28,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the period. Worth Asset Management LLC purchased a new position in shares of Charles Schwab in the 1st quarter valued at $32,000. BluePath Capital Management LLC purchased a new position in shares of Charles Schwab in the 3rd quarter valued at $34,000. Finally, Hall Laurie J Trustee purchased a new position in shares of Charles Schwab in the 4th quarter valued at $34,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $0.04 during mid-day trading on Thursday, hitting $72.34. 6,810,602 shares of the stock were exchanged, compared to its average volume of 7,822,335. The stock’s fifty day simple moving average is $65.61 and its two-hundred day simple moving average is $61.26. The stock has a market capitalization of $128.29 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $72.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the company posted $1.07 EPS. The business’s quarterly revenue was down 18.9% on a year-over-year basis. On average, analysts forecast that The Charles Schwab Co. will post 3.33 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio is presently 39.37%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Raymond James lowered their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Redburn Atlantic began coverage on Charles Schwab in a research note on Friday, December 1st. They issued a “sell” rating and a $52.00 price target for the company. UBS Group lifted their price target on Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.12.

Insider Activity

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock worth $14,200,769 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

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.