Navellier & Associates Inc. Sells 3,255 Shares of The Charles Schwab Co. (NYSE:SCHW)

Navellier & Associates Inc. decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 28.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,100 shares of the financial services provider’s stock after selling 3,255 shares during the quarter. Navellier & Associates Inc.’s holdings in Charles Schwab were worth $525,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Washington Trust Advisors Inc. grew its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP bought a new position in Charles Schwab in the 3rd quarter worth $25,000. Country Trust Bank bought a new position in Charles Schwab in the 2nd quarter worth $26,000. American Capital Advisory LLC bought a new stake in Charles Schwab during the second quarter valued at about $27,000. Finally, Fortitude Family Office LLC increased its position in Charles Schwab by 97.5% in the second 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 in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Price Performance

SCHW stock opened at $80.80 on Friday. The stock has a market cap of $143.80 billion, a PE ratio of 31.56, a P/E/G ratio of 1.74 and a beta of 0.96. The Charles Schwab Co. has a 12 month low of $55.42 and a 12 month high of $82.50. The company has a 50-day moving average price of $70.17 and a 200 day moving average price of $69.82. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insider Transactions at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,929 shares of company stock worth $8,196,624. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SCHW. Raymond James cut their price objective on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley increased their target price on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Citigroup lowered their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Finally, Jefferies Financial Group reduced their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.18.

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.