Leisure Capital Management Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Leisure Capital Management reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,055 shares of the financial services provider’s stock after selling 375 shares during the period. Leisure Capital Management’s holdings in Charles Schwab were worth $1,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Blueprint LLC boosted its holdings in Charles Schwab by 3.5% in the third quarter. Strategic Blueprint LLC now owns 9,423 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 320 shares during the period. CX Institutional raised its stake in Charles Schwab by 9.5% in the third quarter. CX Institutional now owns 9,953 shares of the financial services provider’s stock valued at $546,000 after buying an additional 866 shares in the last quarter. Oak Thistle LLC acquired a new stake in Charles Schwab in the third quarter valued at $233,000. Handelsbanken Fonder AB raised its stake in Charles Schwab by 0.7% in the third quarter. Handelsbanken Fonder AB now owns 404,850 shares of the financial services provider’s stock valued at $22,226,000 after buying an additional 2,621 shares in the last quarter. Finally, Grimes & Company Inc. raised its stake in Charles Schwab by 2.1% in the third quarter. Grimes & Company Inc. now owns 343,432 shares of the financial services provider’s stock valued at $18,854,000 after buying an additional 7,160 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. Raymond James cut their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Bank of America lifted their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $0.10 during midday trading on Friday, reaching $74.99. 5,560,677 shares of the company were exchanged, compared to its average volume of 7,173,721. 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 Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55. The stock has a fifty day simple moving average of $69.68 and a 200 day simple moving average of $63.84. The stock has a market cap of $133.19 billion, a P/E ratio of 31.38, a PEG ratio of 1.10 and a beta of 1.01.

Charles Schwab Dividend Announcement

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

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The disclosure for this sale can be found here. Insiders have sold a total of 394,648 shares of company stock valued at $27,400,905 over the last quarter. 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.