Aviso Wealth Management Lowers Holdings in The Charles Schwab Co. (NYSE:SCHW)

Aviso Wealth Management lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,590 shares of the financial services provider’s stock after selling 1,054 shares during the period. Aviso Wealth Management’s holdings in Charles Schwab were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SCHW. Murphy & Mullick Capital Management Corp purchased a new stake in Charles Schwab in the 4th quarter worth approximately $38,000. Atala Financial Inc purchased a new stake in Charles Schwab during the fourth quarter worth $41,000. Knuff & Co LLC grew its position in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after buying an additional 563 shares during the period. Financial Life Planners purchased a new position in Charles Schwab in the fourth quarter valued at $46,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SCHW shares. Citigroup upped their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. UBS Group lifted their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JMP Securities restated a “market outperform” rating and issued a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.33.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. The trade was a 5.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 1.1 %

Charles Schwab stock opened at $80.81 on Wednesday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. 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 firm has a 50 day moving average price of $79.31 and a 200 day moving average price of $75.11. The company has a market capitalization of $146.55 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. Research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.

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.