U.S. Capital Wealth Advisors LLC Sells 285 Shares of The Charles Schwab Co. (NYSE:SCHW)

U.S. Capital Wealth Advisors LLC lowered its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,316 shares of the financial services provider’s stock after selling 285 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Charles Schwab were worth $2,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in Charles Schwab by 26.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares during the last quarter. Fisher Asset Management LLC grew its stake in Charles Schwab by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after buying an additional 296,317 shares during the last quarter. Invesco Ltd. grew its stake in Charles Schwab by 3.3% during the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after buying an additional 502,304 shares during the last quarter. Northern Trust Corp grew its stake in Charles Schwab by 2.3% during the third quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after buying an additional 356,112 shares during the last quarter. Finally, Bamco Inc. NY grew its stake in Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after buying an additional 42,588 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.9 %

NYSE SCHW traded up $0.71 during trading hours on Friday, hitting $76.04. The company’s stock had a trading volume of 5,414,735 shares, compared to its average volume of 7,577,556. The stock has a fifty day moving average of $70.75 and a 200 day moving average of $64.63. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $76.47. The firm has a market capitalization of $135.05 billion, a P/E ratio of 31.82, a PEG ratio of 1.11 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SCHW. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Raymond James decreased their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, TD Cowen increased their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.47.

Insider Transactions at Charles Schwab

In related news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the transaction, the chief financial officer now owns 29,611 shares in the company, valued at $1,917,608.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the sale, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold a total of 514,459 shares of company stock valued at $36,371,155 over the last three months. 6.60% of the stock is currently owned by corporate 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.