Valeo Financial Advisors LLC Sells 10,133 Shares of The Charles Schwab Co. (NYSE:SCHW)

Valeo Financial Advisors LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 20.7% during the 1st quarter, Holdings Channel reports. The firm owned 38,867 shares of the financial services provider’s stock after selling 10,133 shares during the period. Valeo Financial Advisors LLC’s holdings in Charles Schwab were worth $2,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MBM Wealth Consultants LLC raised its stake in shares of Charles Schwab by 14.0% in the 1st quarter. MBM Wealth Consultants LLC now owns 15,909 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 1,951 shares during the period. SeaCrest Wealth Management LLC grew its holdings in shares of Charles Schwab by 1.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 15,855 shares of the financial services provider’s stock valued at $1,147,000 after acquiring an additional 198 shares in the last quarter. West Oak Capital LLC grew its holdings in shares of Charles Schwab by 1.1% in the 1st quarter. West Oak Capital LLC now owns 29,635 shares of the financial services provider’s stock valued at $2,144,000 after acquiring an additional 325 shares in the last quarter. CAP Partners LLC bought a new position in shares of Charles Schwab in the 1st quarter valued at about $206,000. Finally, Eagle Ridge Investment Management grew its holdings in Charles Schwab by 0.4% during the first quarter. Eagle Ridge Investment Management now owns 357,029 shares of the financial services provider’s stock worth $25,827,000 after purchasing an additional 1,405 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $74.08 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The stock has a market cap of $131.66 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 1.15 and a beta of 0.99. The company’s fifty day moving average is $74.38 and its 200 day moving average is $69.88.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Sell-side analysts forecast that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the transaction, the insider now owns 121,666 shares in the company, valued at $8,630,986.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the sale, the director now owns 574,257 shares in the company, valued at approximately $45,027,491.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the sale, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 658,663 shares of company stock valued at $48,997,146. 6.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. UBS Group boosted their price objective on Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, TD Cowen dropped their price target on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab has an average rating of “Hold” and an average price target of $75.56.

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.