Everett Harris & Co. CA Has $14.80 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Everett Harris & Co. CA reduced its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 51.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,082 shares of the financial services provider’s stock after selling 224,163 shares during the quarter. Everett Harris & Co. CA’s holdings in Charles Schwab were worth $14,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. Vontobel Holding Ltd. raised its stake in Charles Schwab by 7.5% in the 1st quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock valued at $1,847,000 after acquiring an additional 1,452 shares during the period. Moors & Cabot Inc. raised its position in shares of Charles Schwab by 4.3% in the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 259 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Charles Schwab by 25.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock worth $1,101,000 after buying an additional 2,648 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Charles Schwab by 7.5% during the 1st quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock worth $321,000 after buying an additional 267 shares during the period. Finally, Covestor Ltd lifted its position in Charles Schwab by 16.6% during the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock traded up $1.41 during trading hours on Wednesday, reaching $72.41. The company’s stock had a trading volume of 7,356,362 shares, compared to its average volume of 7,839,497. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $72.94. The company has a market capitalization of $128.42 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.37 and a beta of 1.00. The firm’s 50 day simple moving average is $65.43 and its 200-day simple moving average is $61.18.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. Charles Schwab’s revenue was down 18.9% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. Sell-side analysts forecast that The Charles Schwab Co. will post 3.33 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is 39.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SCHW. Barclays increased their target price on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. TD Cowen raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price for the company in a research report on Friday, March 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $77.00 price target on shares of Charles Schwab in a research report on Thursday, January 18th. UBS Group lifted their price objective on shares of Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.12.

Insider Buying and Selling at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

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.