Vestor Capital LLC Has $129,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Vestor Capital LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,878 shares of the financial services provider’s stock after selling 240 shares during the quarter. Vestor Capital LLC’s holdings in Charles Schwab were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SCHW. Courier Capital LLC grew its stake in shares of Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 161 shares during the period. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares during the period. Red Spruce Capital LLC raised its stake in Charles Schwab by 0.4% during the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after acquiring an additional 172 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in shares of Charles Schwab by 1.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 175 shares during the period. Finally, Diligent Investors LLC boosted its stake in shares of Charles Schwab by 3.0% in the 4th quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 176 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Down 0.9 %

Charles Schwab stock traded down $0.71 during trading hours on Thursday, reaching $75.44. 5,788,372 shares of the company’s stock traded hands, compared to its average volume of 7,558,584. The firm has a market capitalization of $133.99 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $46.55 and a fifty-two week high of $77.05. The firm’s 50 day moving average is $71.42 and its 200-day moving average is $65.23.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. On average, analysts predict that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays increased 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. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Citigroup increased their price target 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 lifted their price objective on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.47.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Charles R. Schwab sold 65,790 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $76.40, for a total value of $5,026,356.00. Following the completion of the sale, the chairman now directly owns 60,906,686 shares of the company’s stock, valued at approximately $4,653,270,810.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 65,790 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $76.40, for a total value of $5,026,356.00. Following the sale, the chairman now directly owns 60,906,686 shares in the company, valued at approximately $4,653,270,810.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 659,587 shares of company stock valued at $47,399,731. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Company 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.