The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Stokes Family Office LLC

Stokes Family Office LLC lowered its stake in The Charles Schwab Co. (NYSE:SCHW) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,352 shares of the financial services provider’s stock after selling 4,469 shares during the period. Stokes Family Office LLC’s holdings in Charles Schwab were worth $575,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SCHW. Courier Capital LLC grew its holdings in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after acquiring an additional 161 shares during the period. Sugarloaf Wealth Management LLC grew its holdings in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the period. Red Spruce Capital LLC grew its holdings in Charles Schwab by 0.4% during the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after acquiring an additional 172 shares during the period. Uncommon Cents Investing LLC grew its holdings in Charles Schwab by 1.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock worth $1,023,000 after acquiring an additional 175 shares during the period. Finally, Diligent Investors LLC grew its holdings in Charles Schwab by 3.0% during the fourth quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.9 %

SCHW traded up $0.71 during trading on Friday, hitting $76.04. 5,414,735 shares of the company’s stock were exchanged, compared to its average volume of 7,577,556. The stock has a 50 day moving average price of $70.52 and a 200 day moving average price of $64.48. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $76.47. 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 firm has a market cap of $135.05 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now 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 514,459 shares of company stock valued at $36,371,155 over the last quarter. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Bank of America upped their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Citigroup upped their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley upped their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average target price of $74.47.

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.