Vanguard Capital Wealth Advisors Sells 2,100 Shares of The Charles Schwab Co. (NYSE:SCHW)

Vanguard Capital Wealth Advisors lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 19.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,800 shares of the financial services provider’s stock after selling 2,100 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Charles Schwab were worth $637,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SCHW. Courier Capital LLC boosted its stake in Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after buying an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake 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 purchasing an additional 165 shares in the last quarter. Sculati Wealth Management LLC grew its holdings in shares of Charles Schwab by 0.4% during the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after purchasing an additional 165 shares during the last quarter. Manchester Capital Management LLC raised its position in Charles Schwab by 16.7% in the 4th quarter. Manchester Capital Management LLC now owns 1,190 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 170 shares during the period. Finally, Red Spruce Capital LLC lifted its stake in Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after purchasing an additional 172 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on SCHW. Deutsche Bank Aktiengesellschaft decreased their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. UBS Group boosted their price objective on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, May 28th. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $75.56.

Insider Activity

In other Charles Schwab news, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the transaction, the insider now owns 71,446 shares in the company, valued at approximately $5,172,690.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the completion of the transaction, the insider now owns 71,446 shares in the company, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. Insiders have sold a total of 658,663 shares of company stock valued at $48,997,146 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 0.4 %

Shares of Charles Schwab stock traded up $0.33 during midday trading on Friday, hitting $73.89. The company had a trading volume of 647,382 shares, compared to its average volume of 7,293,953. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $131.32 billion, a P/E ratio of 30.78, a P/E/G ratio of 1.13 and a beta of 0.96. The company has a 50 day moving average of $74.40 and a 200 day moving average of $69.68.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, equities analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio 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.