The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,637 shares of the financial services provider’s stock after selling 5,027 shares during the period. Charles Schwab comprises approximately 1.3% of Jacobs & Co. CA’s holdings, making the stock its 26th largest holding. Jacobs & Co. CA’s holdings in Charles Schwab were worth $12,406,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC boosted its holdings in Charles Schwab by 173.8% in the fourth quarter. ORG Wealth Partners LLC now owns 1,744 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,107 shares during the period. ST Germain D J Co. Inc. boosted its holdings in shares of Charles Schwab by 4.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 9,618 shares of the financial services provider’s stock valued at $712,000 after buying an additional 436 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its position in shares of Charles Schwab by 16.3% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the financial services provider’s stock valued at $4,301,000 after buying an additional 8,156 shares during the last quarter. Michael S. Ryan Inc. raised its stake in Charles Schwab by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 144 shares during the period. Finally, Collective Family Office LLC acquired a new stake in Charles Schwab in the fourth quarter worth $202,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,968 shares of company stock worth $8,842,821 in the last ninety days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.42 during trading hours on Friday, reaching $72.58. 7,152,484 shares of the company were exchanged, compared to its average volume of 7,847,499. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s fifty day moving average is $77.53 and its two-hundred day moving average is $70.65. The company has a market cap of $129.17 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.76 and a beta of 0.99.

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

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Raymond James dropped their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company lifted their price target on Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Citigroup reduced their target price on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and an average target price of $81.69.

Charles Schwab Company 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.