The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Seneca House Advisors

Seneca House Advisors reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,224 shares of the financial services provider’s stock after selling 360 shares during the quarter. Charles Schwab makes up about 2.2% of Seneca House Advisors’ investment portfolio, making the stock its 19th biggest holding. Seneca House Advisors’ holdings in Charles Schwab were worth $5,135,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its position in shares of Charles Schwab by 491.8% during the fourth quarter. 1832 Asset Management L.P. now owns 64,137 shares of the financial services provider’s stock worth $4,413,000 after buying an additional 53,300 shares during the period. Gabelli Funds LLC lifted its position in shares of Charles Schwab by 230.0% in the fourth quarter. Gabelli Funds LLC now owns 49,500 shares of the financial services provider’s stock worth $3,406,000 after purchasing an additional 34,500 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Charles Schwab by 1.5% during the 4th quarter. Stephens Inc. AR now owns 43,724 shares of the financial services provider’s stock valued at $3,008,000 after buying an additional 657 shares during the period. Azimuth Capital Investment Management LLC acquired a new position in Charles Schwab in the 4th quarter worth about $256,000. Finally, CenterBook Partners LP raised its position in Charles Schwab by 1.9% during the fourth quarter. CenterBook Partners LP now owns 32,091 shares of the financial services provider’s stock valued at $2,208,000 after acquiring an additional 612 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Friday, July 19th. The shares were sold at an average price of $61.96, for a total transaction of $557,640.00. Following the completion of the transaction, the director now directly owns 567,057 shares of the company’s stock, valued at $35,134,851.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, President Richard A. Wurster purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the purchase, the president now owns 144,228 shares of the company’s stock, valued at approximately $8,949,347.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the sale, the director now owns 567,057 shares in the company, valued at $35,134,851.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,636 shares of company stock worth $6,457,104. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 2.1 %

Shares of Charles Schwab stock traded up $1.35 during trading on Friday, hitting $64.75. 7,144,429 shares of the company were exchanged, compared to its average volume of 8,018,788. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. 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 firm has a market capitalization of $115.08 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The firm’s fifty day moving average price is $63.97 and its 200 day moving average price is $69.71.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.05 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 1.54%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company began coverage on Charles Schwab in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target for the company. UBS Group lowered their price target on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Citigroup decreased their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group decreased their price target on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.38.

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.