Waverly Advisors LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Waverly Advisors LLC trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,881 shares of the financial services provider’s stock after selling 816 shares during the quarter. Waverly Advisors LLC’s holdings in Charles Schwab were worth $1,800,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new stake in Charles Schwab during the first quarter worth approximately $31,000. Frazier Financial Advisors LLC purchased a new stake in Charles Schwab in the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab during the fourth quarter worth $31,000. Glass Jacobson Investment Advisors llc boosted its stake in shares of Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 268 shares during the period. Finally, Costello Asset Management INC grew its holdings in shares of Charles Schwab by 916.7% in the fourth quarter. Costello Asset Management INC now owns 610 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.0 %

Shares of SCHW stock opened at $64.92 on Wednesday. The stock’s fifty day moving average price is $71.55 and its 200 day moving average price is $70.05. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a market cap of $115.38 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, research analysts expect that The Charles Schwab Co. will post 3.09 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCHW. Keefe, Bruyette & Woods raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $76.00 to $84.00 in a research report on Monday, July 8th. Morgan Stanley reduced their price objective on Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a report on Thursday, July 11th. JMP Securities lowered their target price on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a report on Tuesday, July 23rd. UBS Group cut their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $74.27.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The disclosure for this sale can be found here. Insiders have sold a total of 350,178 shares of company stock valued at $26,136,963 in the last ninety days. Company insiders own 6.60% of the company’s stock.

About Charles Schwab

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.