J.W. Cole Advisors Inc. Sells 561 Shares of The Charles Schwab Co. (NYSE:SCHW)

J.W. Cole Advisors Inc. lessened its stake in The Charles Schwab Co. (NYSE:SCHW) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,369 shares of the financial services provider’s stock after selling 561 shares during the period. J.W. Cole Advisors Inc.’s holdings in Charles Schwab were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SCHW. Norden Group LLC bought a new stake in shares of Charles Schwab in the 1st quarter valued at about $1,256,000. Mission Wealth Management LP acquired a new position in shares of Charles Schwab in the 1st quarter valued at about $521,000. Janney Montgomery Scott LLC lifted its stake in shares of Charles Schwab by 7.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 630,167 shares of the financial services provider’s stock valued at $45,586,000 after purchasing an additional 45,380 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Charles Schwab by 9.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,279 shares of the financial services provider’s stock valued at $2,769,000 after purchasing an additional 3,285 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in shares of Charles Schwab by 22.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 7,263 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 1,353 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 62,345 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value 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 $4,396,116,784.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total value of $802,032.00. Following the completion of the sale, the director now owns 562,129 shares in the company, valued at approximately $36,594,597.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at $4,396,116,784.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,465 shares of company stock worth $8,050,109 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SCHW. Cowen boosted their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. UBS Group dropped 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Charles Schwab from $77.00 to $76.00 in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.94.

Charles Schwab Stock Performance

Shares of SCHW opened at $70.94 on Friday. The stock has a market cap of $126.16 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.63 and a beta of 0.97. The Charles Schwab Co. has a 52 week low of $53.49 and a 52 week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average price is $66.39 and its 200-day moving average price is $69.53.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data 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. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

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.