Webster Bank N. A. Sells 370 Shares of The Charles Schwab Co. (NYSE:SCHW)

Webster Bank N. A. lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,436 shares of the financial services provider’s stock after selling 370 shares during the quarter. Webster Bank N. A.’s holdings in Charles Schwab were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Circle Wealth Management LLC increased its stake in shares of Charles Schwab by 2.8% in the fourth quarter. Circle Wealth Management LLC now owns 4,811 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 131 shares in the last quarter. Trustcore Financial Services LLC lifted its position in shares of Charles Schwab by 3.1% in the fourth quarter. Trustcore Financial Services LLC now owns 4,395 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 134 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Charles Schwab by 26.8% in the fourth quarter. CVA Family Office LLC now owns 638 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 135 shares during the period. Regal Investment Advisors LLC grew its position in shares of Charles Schwab by 3.6% during the fourth quarter. Regal Investment Advisors LLC now owns 3,918 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 135 shares in the last quarter. Finally, Signet Financial Management LLC raised its stake in Charles Schwab by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after purchasing an additional 139 shares during the period. Institutional investors own 81.61% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $59.61, for a total value of $476,880.00. Following the completion of the sale, the general counsel now owns 8,014 shares in the company, valued at $477,714.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Peter J. Morgan III sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $59.61, for a total value of $476,880.00. Following the completion of the sale, the general counsel now directly owns 8,014 shares of the company’s stock, valued at $477,714.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles A. Ruffel bought 833 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $60.55 per share, for a total transaction of $50,438.15. Following the transaction, the director now directly owns 3,386 shares in the company, valued at approximately $205,022.30. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 155,807 shares of company stock valued at $10,325,149. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $64.00 to $66.00 in a report on Monday, July 10th. Argus increased their price target on Charles Schwab from $70.00 to $81.00 in a research note on Wednesday, July 19th. Wolfe Research reduced their price objective on Charles Schwab from $62.00 to $60.00 in a research note on Monday, June 26th. Raymond James lowered their target price on Charles Schwab from $77.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group boosted their price target on shares of Charles Schwab from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $72.28.

Charles Schwab Trading Down 0.4 %

Shares of SCHW traded down $0.24 during mid-day trading on Tuesday, reaching $57.62. 3,227,181 shares of the company’s stock traded hands, compared to its average volume of 16,701,018. The Charles Schwab Co. has a 12 month low of $45.00 and a 12 month high of $86.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $102.00 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.95 and a beta of 0.92. The stock’s 50-day moving average is $61.68 and its two-hundred day moving average is $57.11.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. Charles Schwab had a return on equity of 27.54% and a net margin of 33.15%. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.97 EPS. Charles Schwab’s quarterly revenue was down 8.6% on a year-over-year basis. Research analysts forecast that The Charles Schwab Co. will post 3.27 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.00 annualized dividend and a yield of 1.74%. Charles Schwab’s dividend payout ratio (DPR) is 29.15%.

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. The company operates in two segments, Investor Services and Advisor Services.