The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Lessened by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 34.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,652 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Charles Schwab were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its position in shares of Charles Schwab by 18.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 4,621 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 716 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Charles Schwab by 9.6% in the first quarter. Park Avenue Securities LLC now owns 28,890 shares of the financial services provider’s stock worth $2,090,000 after buying an additional 2,519 shares during the period. Aprio Wealth Management LLC purchased a new position in shares of Charles Schwab during the first quarter valued at $206,000. &PARTNERS acquired a new position in Charles Schwab during the first quarter valued at $281,000. Finally, International Assets Investment Management LLC lifted its stake in Charles Schwab by 10.4% in the 1st quarter. International Assets Investment Management LLC now owns 12,135 shares of the financial services provider’s stock worth $878,000 after acquiring an additional 1,141 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JMP Securities lifted their target price on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group cut their price objective on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.59.

Charles Schwab Stock Down 0.8 %

SCHW stock opened at $71.34 on Friday. The stock has a market capitalization of $126.87 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The company has a 50-day moving average of $64.97 and a two-hundred day moving average of $69.52. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.49%.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,001 shares of company stock worth $12,512,592 in the last ninety days. 6.60% of the stock is currently owned by insiders.

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.