Doheny Asset Management CA Sells 4,200 Shares of The Charles Schwab Co. (NYSE:SCHW)

Doheny Asset Management CA reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 43.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,365 shares of the financial services provider’s stock after selling 4,200 shares during the quarter. Doheny Asset Management CA’s holdings in Charles Schwab were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC increased its holdings in 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 buying an additional 165 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $31,000. Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $34,000. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of Charles Schwab by 81.0% in the 4th 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 in the last quarter. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SCHW shares. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. JMP Securities restated a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, April 16th. Morgan Stanley raised 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. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Barclays lifted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Two 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. According to data from MarketBeat.com, Charles Schwab currently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Trading Up 0.7 %

Charles Schwab stock traded up $0.55 during mid-day trading on Thursday, hitting $75.12. 3,302,051 shares of the stock were exchanged, compared to its average volume of 7,634,369. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $75.55. The firm’s fifty day simple moving average is $70.30 and its two-hundred day simple moving average is $64.40. The stock has a market capitalization of $133.42 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.08 and a beta of 0.98.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s payout ratio is 41.84%.

Insiders Place Their Bets

In other news, Chairman Charles R. Schwab sold 59,906 shares of Charles Schwab stock in a transaction on Monday, April 29th. The shares were sold at an average price of $74.78, for a total value of $4,479,770.68. Following the completion of the sale, the chairman now owns 61,038,701 shares in the company, valued at approximately $4,564,474,060.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 59,906 shares of Charles Schwab stock in a transaction on Monday, April 29th. The shares were sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the completion of the sale, the chairman now owns 61,038,701 shares of the company’s stock, valued at approximately $4,564,474,060.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is currently owned by 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.