Tealwood Asset Management Inc. Trims Holdings in The Charles Schwab Co. (NYSE:SCHW)

Tealwood Asset Management Inc. lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,263 shares of the financial services provider’s stock after selling 269 shares during the period. Tealwood Asset Management Inc.’s holdings in Charles Schwab were worth $1,978,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SCHW. Brighton Jones LLC boosted its position in shares of Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after purchasing an additional 19,195 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $236,000. YANKCOM Partnership bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $107,000. Bleakley Financial Group LLC boosted its position in shares of Charles Schwab by 0.9% in the 4th quarter. Bleakley Financial Group LLC now owns 25,344 shares of the financial services provider’s stock worth $1,876,000 after purchasing an additional 228 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in shares of Charles Schwab by 1.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 65,159 shares of the financial services provider’s stock worth $4,822,000 after purchasing an additional 1,082 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paula A. Sneed sold 8,647 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total transaction of $761,454.82. Following the sale, the director now directly owns 105,654 shares of the company’s stock, valued at $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,608 shares of company stock worth $8,392,040. Company insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $88.25 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The firm’s fifty day simple moving average is $81.74 and its 200-day simple moving average is $79.64. The firm has a market capitalization of $160.35 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the firm posted $0.74 EPS. Equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s payout ratio is 32.73%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Securities boosted their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Barclays lowered their price objective on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, April 25th. UBS Group upped their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Finally, TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.63.

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.