The Charles Schwab Co. (NYSE:SCHW) Shares Sold by First Foundation Advisors

First Foundation Advisors trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,920 shares of the financial services provider’s stock after selling 2,783 shares during the quarter. Charles Schwab accounts for 0.9% of First Foundation Advisors’ holdings, making the stock its 28th largest holding. First Foundation Advisors’ holdings in Charles Schwab were worth $22,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nelson Capital Management LLC increased its position in shares of Charles Schwab by 0.4% during the first quarter. Nelson Capital Management LLC now owns 37,726 shares of the financial services provider’s stock worth $2,729,000 after purchasing an additional 141 shares in the last quarter. Abbrea Capital LLC lifted its stake in Charles Schwab by 2.5% in the first quarter. Abbrea Capital LLC now owns 5,777 shares of the financial services provider’s stock valued at $418,000 after buying an additional 142 shares during the last quarter. Ironwood Financial llc boosted its holdings in shares of Charles Schwab by 1.6% in the first quarter. Ironwood Financial llc now owns 10,186 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 160 shares during the period. Ascent Wealth Partners LLC grew its position in shares of Charles Schwab by 0.7% during the second quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider’s stock worth $1,721,000 after acquiring an additional 164 shares during the last quarter. Finally, Sculati Wealth Management LLC raised its position in Charles Schwab by 0.4% in the 4th quarter. Sculati Wealth Management LLC now owns 42,971 shares of the financial services provider’s stock valued at $2,956,000 after purchasing an additional 165 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Walter W. Bettinger acquired 25,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The shares were acquired at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the purchase, the chief executive officer now owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Walter W. Bettinger bought 25,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard J. Clark sold 8,164 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the transaction, the insider now directly owns 121,666 shares in the company, valued at $9,124,950. The disclosure for this sale can be found here. Insiders have sold 107,800 shares of company stock valued at $7,145,364 in the last ninety days. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 1.2 %

SCHW stock opened at $62.90 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $79.49. The firm has a market capitalization of $111.86 billion, a PE ratio of 26.32, a P/E/G ratio of 1.18 and a beta of 0.97. The company’s 50 day simple moving average is $66.44 and its 200-day simple moving average is $70.15.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter last year, the business posted $0.75 earnings per share. Charles Schwab’s revenue was up .7% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SCHW shares. Morgan Stanley reduced their target price on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. Barclays lowered their target price on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. JMP Securities cut their price target on Charles Schwab from $85.00 to $82.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 23rd. Jefferies Financial Group lifted their price objective on shares of Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Three equities research 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. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $74.00.

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.