The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Greenleaf Trust

Greenleaf Trust trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 30,869 shares of the financial services provider’s stock after selling 1,741 shares during the quarter. Greenleaf Trust’s holdings in Charles Schwab were worth $2,124,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Providence Capital Advisors LLC acquired a new position in Charles Schwab during the 3rd quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC grew its position in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares during the last quarter. Worth Asset Management LLC acquired a new stake in shares of Charles Schwab in the 1st quarter worth about $32,000. BluePath Capital Management LLC bought a new stake in Charles Schwab in the 3rd quarter valued at about $34,000. Finally, Hall Laurie J Trustee acquired a new position in Charles Schwab during the 4th quarter valued at about $34,000. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SCHW. Citigroup raised their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods raised their price target on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Bank of America increased their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.47.

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the completion of the transaction, the chairman now directly owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 312,800 shares of company stock valued at $21,081,569. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Up 0.7 %

Shares of Charles Schwab stock traded up $0.49 on Friday, reaching $73.42. 8,215,671 shares of the company were exchanged, compared to its average volume of 6,908,559. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The firm has a market capitalization of $130.40 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $68.58 and a 200-day moving average price of $63.02.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. On average, analysts expect that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is 41.84%.

About Charles Schwab

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.