The Charles Schwab Co. (NYSE:SCHW) Stock Position Reduced by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC decreased its stake in The Charles Schwab Co. (NYSE:SCHW) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,815 shares of the financial services provider’s stock after selling 347 shares during the period. Trinity Financial Advisors LLC’s holdings in Charles Schwab were worth $538,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Essex Financial Services Inc. increased its position in shares of Charles Schwab by 2.7% during the 4th quarter. Essex Financial Services Inc. now owns 9,299 shares of the financial services provider’s stock valued at $640,000 after purchasing an additional 246 shares during the period. Cannell & Co. grew its holdings in shares of Charles Schwab by 5.4% in the 4th quarter. Cannell & Co. now owns 7,831 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 400 shares during the last quarter. LCM Capital Management Inc acquired a new position in shares of Charles Schwab in the 4th quarter worth $238,000. Mach 1 Financial Group LLC grew its holdings in shares of Charles Schwab by 17.5% in the 4th quarter. Mach 1 Financial Group LLC now owns 33,358 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 4,972 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Charles Schwab by 114.6% in the 4th quarter. Savant Capital LLC now owns 18,385 shares of the financial services provider’s stock worth $1,265,000 after acquiring an additional 9,817 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW traded up $0.86 on Wednesday, hitting $74.81. The company’s stock had a trading volume of 4,993,804 shares, compared to its average volume of 7,657,263. The company has a 50 day moving average price of $70.09 and a 200 day moving average price of $64.33. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $132.87 billion, a PE ratio of 30.77, a PEG ratio of 1.09 and a beta of 1.01.

Charles Schwab Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction 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 owns 81,446 shares in the company, valued at approximately $5,522,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Peter B. Crawford sold 8,000 shares of the company’s 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 filing with the SEC, which is available through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction 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 owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 514,459 shares of company stock valued at $36,371,155. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent analyst reports. TD Cowen raised their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Bank of America lifted their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.