Greystone Financial Group LLC Sells 394 Shares of The Charles Schwab Co. (NYSE:SCHW)

Greystone Financial Group LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,669 shares of the financial services provider’s stock after selling 394 shares during the period. Greystone Financial Group LLC’s holdings in Charles Schwab were worth $1,148,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $38,000. Atala Financial Inc bought a new position in Charles Schwab in the 4th quarter valued at about $41,000. Investors Research Corp lifted its position in Charles Schwab by 75.2% during the first quarter. Investors Research Corp now owns 559 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 240 shares during the last quarter. Knuff & Co LLC boosted its holdings in shares of Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 563 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $46,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SCHW shares. The Goldman Sachs Group upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Securities boosted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus price target of $89.63.

Insider Activity

In related news, insider Paul V. Woolway sold 8,614 shares of Charles Schwab stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the sale, the insider now directly owns 49,204 shares in the company, valued at $3,936,320. This trade represents a 14.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,850 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the sale, the insider now directly owns 15,219 shares in the company, valued at $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,608 shares of company stock worth $8,392,040. Insiders own 6.30% of the company’s stock.

Charles Schwab Stock Performance

Charles Schwab stock opened at $88.25 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $160.35 billion, a PE ratio of 29.52, a P/E/G ratio of 0.99 and a beta of 0.94. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The business’s 50-day moving average price is $81.74 and its two-hundred day moving average price is $79.62.

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

Charles Schwab Announces Dividend

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

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.