Sadoff Investment Management LLC decreased its holdings in shares of Charles Schwab Co. (NYSE:SCHW) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 909,594 shares of the financial services provider’s stock after selling 716 shares during the quarter. Charles Schwab comprises approximately 3.4% of Sadoff Investment Management LLC’s holdings, making the stock its 14th biggest holding. Sadoff Investment Management LLC owned approximately 0.07% of Charles Schwab worth $43,260,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of SCHW. Venturi Wealth Management LLC acquired a new position in Charles Schwab in the 3rd quarter worth $26,000. Winslow Evans & Crocker Inc. lifted its holdings in Charles Schwab by 78.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 584 shares of the financial services provider’s stock worth $28,000 after buying an additional 256 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Charles Schwab by 303.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 802 shares of the financial services provider’s stock worth $33,000 after buying an additional 603 shares in the last quarter. Gradient Investments LLC lifted its holdings in Charles Schwab by 526.2% in the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock worth $34,000 after buying an additional 684 shares in the last quarter. Finally, Thor Advisors LLC acquired a new position in Charles Schwab in the 3rd quarter worth $34,000. Institutional investors and hedge funds own 78.64% of the company’s stock.
Shares of SCHW traded down $1.34 during midday trading on Friday, hitting $45.85. The company had a trading volume of 6,890,495 shares, compared to its average volume of 8,217,833. The company’s 50 day moving average price is $48.10 and its 200 day moving average price is $43.20. The stock has a market cap of $58.92 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.69 and a beta of 1.39. Charles Schwab Co. has a 52 week low of $34.58 and a 52 week high of $51.65. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.40.
Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, January 16th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Charles Schwab had a net margin of 34.55% and a return on equity of 20.22%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. Equities analysts anticipate that Charles Schwab Co. will post 2.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.18 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.57%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.17. Charles Schwab’s payout ratio is presently 25.00%.
In related news, EVP Peter J. Morgan III sold 624 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $49.70, for a total transaction of $31,012.80. Following the completion of the sale, the executive vice president now owns 13,556 shares of the company’s stock, valued at approximately $673,733.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 300,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $49.01, for a total transaction of $14,703,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 349,364 shares of company stock valued at $17,174,848. Insiders own 10.90% of the company’s stock.
SCHW has been the topic of a number of recent analyst reports. Compass Point upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, December 12th. Deutsche Bank initiated coverage on shares of Charles Schwab in a report on Tuesday. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Charles Schwab from a “strong-buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a report on Tuesday, December 17th. UBS Group upgraded shares of Charles Schwab from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $50.00 in a report on Monday, December 2nd. Finally, Bank of America reiterated a “neutral” rating and issued a price objective (up previously from ) on shares of Charles Schwab in a report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.73.
About Charles Schwab
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
Featured Story: What is a Tariff?
Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.