Cutler Investment Counsel LLC Sells 3,196 Shares of The Charles Schwab Co. (NYSE:SCHW)

Cutler Investment Counsel LLC cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 206,668 shares of the financial services provider’s stock after selling 3,196 shares during the period. Charles Schwab comprises 1.7% of Cutler Investment Counsel LLC’s portfolio, making the stock its 20th biggest holding. Cutler Investment Counsel LLC’s holdings in Charles Schwab were worth $13,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Country Trust Bank purchased a new stake in Charles Schwab in the second quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new position in Charles Schwab during the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Fortitude Family Office LLC grew its position in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after buying an additional 192 shares during the period. Finally, American Capital Advisory LLC purchased a new stake in shares of Charles Schwab in the 2nd quarter worth about $27,000. 84.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company’s stock, valued at $35,543,202.45. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 103,645 shares of company stock valued at $7,440,627. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group upped their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Jefferies Financial Group lowered their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Morgan Stanley upped their target price on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.18.

Charles Schwab Trading Up 0.6 %

Charles Schwab stock traded up $0.45 during trading on Friday, reaching $80.64. The company had a trading volume of 9,372,796 shares, compared to its average volume of 8,107,237. The Charles Schwab Co. has a 12-month low of $55.09 and a 12-month high of $82.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.47. The stock’s 50 day moving average price is $68.74 and its two-hundred day moving average price is $69.66. The firm has a market capitalization of $143.51 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.71 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. As a group, equities analysts expect that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.