Cutler Investment Counsel LLC Cuts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Cutler Investment Counsel LLC reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,319 shares of the financial services provider’s stock after selling 1,413 shares during the period. Charles Schwab makes up 2.1% of Cutler Investment Counsel LLC’s holdings, making the stock its 16th largest position. Cutler Investment Counsel LLC’s holdings in Charles Schwab were worth $14,401,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCHW. Investment Research & Advisory Group Inc. boosted its stake in Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after purchasing an additional 607 shares in the last quarter. Bamco Inc. NY boosted its holdings in Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after purchasing an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Charles Schwab by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after purchasing an additional 166,316 shares during the period. Wright Investors Service Inc. raised its stake in shares of Charles Schwab by 9.3% during the 4th quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after buying an additional 4,001 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Charles Schwab by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Peter B. Crawford sold 5,482 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the transaction, the insider now owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The disclosure for this sale can be found here. Insiders have sold 312,800 shares of company stock valued at $21,081,569 over the last 90 days. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

SCHW has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America upped their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday. TD Cowen raised their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Trading Up 1.0 %

NYSE:SCHW traded up $0.73 during trading hours on Friday, hitting $73.66. The company had a trading volume of 4,511,993 shares, compared to its average volume of 7,712,295. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $73.88. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $68.38 and a 200 day moving average of $62.89. The company has a market cap of $130.82 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.06 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business’s revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 3.43 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) 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.