The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 47.9% in the third quarter, Holdings Channel.com reports. The firm owned 2,470 shares of the financial services provider’s stock after selling 2,269 shares during the period. Cromwell Holdings LLC’s holdings in Charles Schwab were worth $160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHW. Brookstone Capital Management raised its holdings in Charles Schwab by 27.7% in the first quarter. Brookstone Capital Management now owns 10,928 shares of the financial services provider’s stock valued at $791,000 after acquiring an additional 2,372 shares in the last quarter. Financial Management Professionals Inc. raised its stake in shares of Charles Schwab by 20.4% in the 1st quarter. Financial Management Professionals Inc. now owns 3,446 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 585 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Charles Schwab by 56.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 30,315 shares of the financial services provider’s stock worth $2,193,000 after purchasing an additional 10,966 shares during the last quarter. Guidance Capital Inc. acquired a new position in Charles Schwab in the first quarter worth about $928,000. Finally, New Mexico Educational Retirement Board increased its holdings in Charles Schwab by 13.1% in the first quarter. New Mexico Educational Retirement Board now owns 87,387 shares of the financial services provider’s stock valued at $6,322,000 after buying an additional 10,100 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 1.1 %

Shares of NYSE:SCHW opened at $71.82 on Friday. The company has a 50 day moving average of $65.60 and a 200-day moving average of $69.52. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm has a market cap of $127.64 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.63 and a beta of 0.97. The Charles Schwab Co. has a twelve month low of $49.16 and a twelve month high of $79.49.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the sale, the director now directly owns 562,129 shares in the company, valued at approximately $36,594,597.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the completion of the transaction, the insider now directly owns 61,887 shares in the company, valued at $4,035,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the sale, the director now owns 562,129 shares in the company, valued at $36,594,597.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 182,001 shares of company stock valued at $12,512,592. 6.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SCHW. Jefferies Financial Group decreased their target price on Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Raymond James reduced their price target on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Barclays boosted their price objective on shares of Charles Schwab from $64.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.94.

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.