Strata Wealth Advisors LLC Sells 8,684 Shares of The Charles Schwab Co. (NYSE:SCHW)

Strata Wealth Advisors LLC cut its position in The Charles Schwab Co. (NYSE:SCHW) by 20.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,590 shares of the financial services provider’s stock after selling 8,684 shares during the quarter. Charles Schwab makes up approximately 0.9% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Strata Wealth Advisors LLC’s holdings in Charles Schwab were worth $2,430,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SCHW. Price T Rowe Associates Inc. MD increased its holdings in shares of Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after acquiring an additional 17,369,091 shares in the last quarter. Norges Bank acquired a new position in Charles Schwab in the 4th quarter worth approximately $950,192,000. Ameriprise Financial Inc. increased its holdings in Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after buying an additional 4,624,302 shares during the period. Boston Partners increased its holdings in Charles Schwab by 424.7% in the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after buying an additional 3,602,830 shares during the period. Finally, Morningstar Investment Services LLC increased its holdings in Charles Schwab by 98.0% in the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after buying an additional 2,322,156 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.13 during trading hours on Friday, hitting $73.69. 8,997,560 shares of the stock were exchanged, compared to its average volume of 5,743,318. The firm’s fifty day moving average price is $74.42 and its 200 day moving average price is $69.84. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The company has a market cap of $130.97 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.25 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SCHW. StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Morgan Stanley upped their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price objective on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.56.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the transaction, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,449,251.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the transaction, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,449,251.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total value of $724,000.00. Following the transaction, the insider now owns 71,446 shares in the company, valued at approximately $5,172,690.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 658,663 shares of company stock worth $48,997,146. Corporate insiders own 6.60% of the company’s stock.

About Charles Schwab

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.