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

SeaCrest Wealth Management LLC lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,760 shares of the financial services provider’s stock after selling 1,788 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Charles Schwab were worth $870,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Alliance Wealth Advisors LLC raised its stake in shares of Charles Schwab by 2.7% in the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 142 shares during the last quarter. Michael S. Ryan Inc. raised its stake in shares of Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares during the last quarter. GS Investments Inc. raised its stake in shares of Charles Schwab by 0.3% in the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after purchasing an additional 146 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Finally, Arcataur Capital Management LLC raised its stake in shares of Charles Schwab by 2.3% in the third quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,823 shares of company stock valued at $2,171,194 over the last ninety days. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.9 %

Charles Schwab stock opened at $73.75 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day simple moving average of $77.62 and a 200-day simple moving average of $70.58. The stock has a market capitalization of $131.25 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $59.67 and a 12 month high of $83.35.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SCHW. JMP Securities restated a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company reduced their price target on Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.63.

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.