Buckhead Capital Management LLC Trims Position in The Charles Schwab Co. (NYSE:SCHW)

Buckhead Capital Management LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.8% in the fourth quarter, Holdings Channel reports. The fund owned 17,547 shares of the financial services provider’s stock after selling 500 shares during the quarter. Buckhead Capital Management LLC’s holdings in Charles Schwab were worth $1,207,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Crystal Rock Capital Management grew its holdings in Charles Schwab by 201.1% during the fourth quarter. Crystal Rock Capital Management now owns 57,200 shares of the financial services provider’s stock valued at $3,935,000 after purchasing an additional 38,200 shares during the period. Essex Financial Services Inc. grew its holdings in Charles Schwab by 2.7% during the fourth quarter. Essex Financial Services Inc. now owns 9,299 shares of the financial services provider’s stock valued at $640,000 after purchasing an additional 246 shares during the period. Cannell & Co. grew its holdings in Charles Schwab by 5.4% during the fourth quarter. Cannell & Co. now owns 7,831 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 400 shares during the period. LCM Capital Management Inc bought a new stake in Charles Schwab during the fourth quarter valued at about $238,000. Finally, Mach 1 Financial Group LLC grew its holdings in Charles Schwab by 17.5% during the fourth quarter. Mach 1 Financial Group LLC now owns 33,358 shares of the financial services provider’s stock valued at $2,295,000 after purchasing an additional 4,972 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total value 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 SEC, which can be accessed through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Over the last three months, 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 Ratings Changes

Several analysts have issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Trading Up 0.8 %

Shares of NYSE SCHW traded up $0.62 during midday trading on Wednesday, hitting $74.57. The company’s stock had a trading volume of 6,923,695 shares, compared to its average volume of 7,686,890. 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 business’s 50 day moving average is $70.09 and its two-hundred day moving average is $64.33. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $75.55. The firm has a market cap of $132.44 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. 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.