Wealthcare Advisory Partners LLC Has $897,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Wealthcare Advisory Partners LLC decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 27.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,036 shares of the financial services provider’s stock after selling 5,039 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Charles Schwab were worth $897,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab during the third quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in Charles Schwab during the fourth quarter valued at about $31,000. Hall Laurie J Trustee purchased a new stake in Charles Schwab during the fourth quarter worth about $34,000. Finally, Glass Jacobson Investment Advisors llc raised its position in Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 268 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Barclays raised their target price on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, Citigroup upped their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Two equities research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.47.

Charles Schwab Trading Up 0.0 %

Shares of SCHW stock traded up $0.02 on Wednesday, hitting $75.56. 147,687 shares of the company’s stock traded hands, compared to its average volume of 7,517,134. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $134.20 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 1.11 and a beta of 0.98. The company’s fifty day simple moving average is $71.20 and its 200 day simple moving average is $65.15. The Charles Schwab Co. has a one year low of $46.55 and a one year high of $77.05.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Equities analysts forecast that The Charles Schwab Co. will post 3.42 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.32%. Charles Schwab’s payout ratio is currently 41.84%.

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.