Fiduciary Group LLC Trims Holdings in The Charles Schwab Co. (NYSE:SCHW)

Fiduciary Group LLC reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,067 shares of the financial services provider’s stock after selling 4,379 shares during the quarter. Fiduciary Group LLC’s holdings in Charles Schwab were worth $3,857,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CX Institutional increased its holdings in Charles Schwab by 9.5% in the 3rd quarter. CX Institutional now owns 9,953 shares of the financial services provider’s stock worth $546,000 after buying an additional 866 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Charles Schwab in the third quarter worth approximately $233,000. Handelsbanken Fonder AB raised its holdings in shares of Charles Schwab by 0.7% during the third quarter. Handelsbanken Fonder AB now owns 404,850 shares of the financial services provider’s stock valued at $22,226,000 after purchasing an additional 2,621 shares during the last quarter. Ropes Wealth Advisors LLC lifted its position in Charles Schwab by 13.8% during the third quarter. Ropes Wealth Advisors LLC now owns 6,725 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 813 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV lifted its position in Charles Schwab by 1.7% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 13,852 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 228 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the sale, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the sale, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders sold a total of 394,648 shares of company stock valued at $27,400,905 over the last 90 days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW traded up $0.10 during trading hours on Friday, reaching $74.99. 5,560,677 shares of the stock traded hands, compared to its average volume of 7,173,721. The company has a market cap of $133.19 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. 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 company’s 50-day moving average price is $69.68 and its two-hundred day moving average price is $63.92. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $75.55.

Charles Schwab Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s payout ratio is 41.84%.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Citigroup raised their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. TD Cowen boosted their price target on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Raymond James lowered their price objective 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.47.

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.