Choreo LLC Sells 995 Shares of The Charles Schwab Co. (NYSE:SCHW)

Choreo LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,012 shares of the financial services provider’s stock after selling 995 shares during the quarter. Choreo LLC’s holdings in Charles Schwab were worth $551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter valued at $28,000. Sugarloaf Wealth Management LLC grew its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Charles Schwab during the 4th quarter valued at about $31,000. BluePath Capital Management LLC bought a new position in Charles Schwab in the 3rd quarter worth about $34,000. Finally, Hall Laurie J Trustee bought a new stake in Charles Schwab during the 4th quarter valued at $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $75.33 on Friday. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $75.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market cap of $133.79 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.09 and a beta of 0.98. The business’s 50 day moving average price is $70.52 and its 200 day moving average price is $64.48.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Charles R. Schwab sold 59,906 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the sale, the chairman now owns 61,038,701 shares in the company, valued at $4,564,474,060.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at approximately $4,573,414.17. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock worth $36,371,155 over the last three months. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SCHW. JPMorgan Chase & Co. raised their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. TD Cowen boosted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Raymond James dropped their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.47.

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.