The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Xcel Wealth Management LLC

Xcel Wealth Management LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHWFree Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,795 shares of the financial services provider’s stock after selling 1,875 shares during the period. Xcel Wealth Management LLC’s holdings in Charles Schwab were worth $2,050,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SCHW. Sugarloaf Wealth Management LLC lifted its position 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 purchasing an additional 165 shares during the last quarter. Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $34,000. Worth Asset Management LLC bought a new stake in shares of Charles Schwab during the first quarter valued at approximately $32,000. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab during the third quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in 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 worth $41,000 after buying an additional 268 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on SCHW shares. TD Cowen raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price on the stock in a research note on Friday, March 22nd. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Raymond James cut their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Finally, JMP Securities raised their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.53.

Read Our Latest Analysis on Charles Schwab

Charles Schwab Stock Down 0.8 %

SCHW stock traded down $0.57 during trading hours on Friday, hitting $70.05. The company’s stock had a trading volume of 8,614,200 shares, compared to its average volume of 7,566,390. The company has a market capitalization of $124.41 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The stock has a 50 day moving average price of $67.42 and a two-hundred day moving average price of $62.29. 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 $72.97.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. On average, equities research analysts expect that The Charles Schwab Co. will post 3.38 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. Charles Schwab’s dividend payout ratio is 39.37%.

Insider Transactions at Charles Schwab

In other news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the sale, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,584 shares of company stock worth $14,200,769. Insiders own 6.60% of the company’s stock.

About Charles Schwab

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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