Moser Wealth Advisors LLC Sells 250 Shares of The Charles Schwab Corporation (NYSE:SCHW)

Moser Wealth Advisors LLC trimmed its position in The Charles Schwab Corporation (NYSE:SCHW) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,710 shares of the financial services provider’s stock after selling 250 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Charles Schwab were worth $447,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after acquiring an additional 19,195 shares in the last quarter. Venturi Wealth Management LLC grew its position in Charles Schwab by 40.9% in the fourth quarter. Venturi Wealth Management LLC now owns 855 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 248 shares in the last quarter. Navellier & Associates Inc. grew its position in Charles Schwab by 36.5% in the fourth quarter. Navellier & Associates Inc. now owns 11,055 shares of the financial services provider’s stock worth $818,000 after acquiring an additional 2,955 shares in the last quarter. Sigma Planning Corp grew its position in Charles Schwab by 11.9% in the fourth quarter. Sigma Planning Corp now owns 8,551 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 909 shares in the last quarter. Finally, ST. Nicholas Private Asset Management Inc. purchased a new position in Charles Schwab in the fourth quarter worth about $246,000. 84.38% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jonathan M. Craig sold 47,500 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,850 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $87.57, for a total transaction of $249,574.50. Following the completion of the sale, the insider now directly owns 15,219 shares in the company, valued at approximately $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. Insiders have sold 119,995 shares of company stock valued at $10,493,320 over the last ninety days. 6.30% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $89.25 on Monday. The business’s fifty day simple moving average is $84.81 and its 200-day simple moving average is $80.10. The company has a market cap of $162.16 billion, a PE ratio of 27.04, a PEG ratio of 0.95 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.53. The Charles Schwab Corporation has a 12-month low of $61.01 and a 12-month high of $90.60.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.31% and a net margin of 31.71%. During the same period in the prior year, the firm posted $0.74 earnings per share. Analysts expect that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented 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 report on Friday, April 25th. Redburn Atlantic upgraded Charles Schwab from a “sell” rating to a “neutral” rating and boosted their target price for the company from $65.00 to $82.00 in a research report on Monday, June 9th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Morgan Stanley boosted their target price on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Finally, TD Securities boosted their target price on Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus target price of $89.40.

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.