PDS Planning Inc Sells 235 Shares of The Charles Schwab Co. (NYSE:SCHW)

PDS Planning Inc decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,253 shares of the financial services provider’s stock after selling 235 shares during the period. PDS Planning Inc’s holdings in Charles Schwab were worth $499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new stake in shares of Charles Schwab during the fourth quarter worth approximately $203,000. RWA Wealth Partners LLC increased its holdings in shares of Charles Schwab by 404.2% during the fourth quarter. RWA Wealth Partners LLC now owns 319,006 shares of the financial services provider’s stock worth $21,948,000 after buying an additional 255,735 shares in the last quarter. Sage Mountain Advisors LLC increased its holdings in shares of Charles Schwab by 30.1% during the fourth quarter. Sage Mountain Advisors LLC now owns 4,832 shares of the financial services provider’s stock worth $332,000 after buying an additional 1,118 shares in the last quarter. North Star Asset Management Inc. increased its holdings in shares of Charles Schwab by 3.7% during the fourth quarter. North Star Asset Management Inc. now owns 466,782 shares of the financial services provider’s stock worth $32,115,000 after buying an additional 16,643 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of Charles Schwab by 462.4% during the fourth quarter. MCF Advisors LLC now owns 7,986 shares of the financial services provider’s stock worth $549,000 after buying an additional 6,566 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 1.2 %

Shares of SCHW traded up $0.91 during trading hours on Tuesday, reaching $75.17. 3,737,013 shares of the stock traded hands, compared to its average volume of 7,724,151. 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 simple moving average of $68.77 and a 200 day simple moving average of $63.35. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $75.18. The company has a market cap of $133.51 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.07 and a beta of 1.01.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the transaction, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the transaction, the director now owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares in the company, valued at approximately $1,917,608.36. The disclosure for this sale can be found here. Insiders sold 316,282 shares of company stock valued at $21,373,311 in the last quarter. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SCHW shares. Bank of America raised their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Barclays raised their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.47.

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.