SOA Wealth Advisors LLC. Sells 848 Shares of The Charles Schwab Co. (NYSE:SCHW)

SOA Wealth Advisors LLC. cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 25.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,489 shares of the financial services provider’s stock after selling 848 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Charles Schwab were worth $195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in Charles Schwab during the fourth quarter worth $38,000. Atala Financial Inc bought a new position in Charles Schwab during the fourth quarter worth $41,000. Investors Research Corp boosted its stake 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 in the last quarter. Knuff & Co LLC boosted its stake in 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 in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Charles Schwab during the fourth quarter worth $46,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $88.25 on Monday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $89.85. The firm has a 50-day moving average of $81.74 and a 200-day moving average of $79.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $160.35 billion, a P/E ratio of 29.52, a P/E/G ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the company posted $0.74 earnings per share. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on SCHW shares. Wells Fargo & Company lowered their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Morgan Stanley upped their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. UBS Group upped their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Finally, Barclays lowered their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and an average price target of $89.63.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $87.68, for a total transaction of $288,467.20. Following the transaction, the insider now owns 39,154 shares of the company’s stock, valued at $3,433,022.72. This represents a 7.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,608 shares of company stock worth $8,392,040. Insiders own 6.30% of the company’s stock.

Charles Schwab Company 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.