Stableford Capital II LLC Has $2.62 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Stableford Capital II LLC lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,350 shares of the financial services provider’s stock after selling 387 shares during the quarter. Charles Schwab makes up 1.0% of Stableford Capital II LLC’s holdings, making the stock its 24th biggest position. Stableford Capital II LLC’s holdings in Charles Schwab were worth $2,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Brio Consultants LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth about $202,000. SeaBridge Investment Advisors LLC bought a new position in Charles Schwab during the fourth quarter worth about $328,000. Marietta Wealth Management LLC increased its position in Charles Schwab by 1.9% during the fourth quarter. Marietta Wealth Management LLC now owns 69,247 shares of the financial services provider’s stock worth $5,125,000 after buying an additional 1,300 shares during the last quarter. Manuka Financial LLC bought a new stake in Charles Schwab in the fourth quarter valued at approximately $222,000. Finally, Scharf Investments LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $1,093,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft increased their price target on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Cowen increased their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.11.

Insider Buying and Selling at Charles Schwab

In related news, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock worth $4,052,281 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 1.0 %

Shares of SCHW stock opened at $82.73 on Friday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.84. The stock’s fifty day moving average price is $77.97 and its two-hundred day moving average price is $71.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $147.22 billion, a PE ratio of 27.67, a P/E/G ratio of 1.00 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. Equities analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.31%. Charles Schwab’s dividend payout ratio is presently 33.44%.

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.