The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,828 shares of the financial services provider’s stock after selling 6,151 shares during the quarter. Charles Schwab accounts for about 1.8% of Redmond Asset Management LLC’s holdings, making the stock its 10th largest holding. Redmond Asset Management LLC’s holdings in Charles Schwab were worth $7,314,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $25,000. Washington Trust Advisors Inc. increased its stake in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $31,000. Planning Capital Management Corp purchased a new stake in Charles Schwab during the 3rd quarter worth approximately $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab in the third quarter valued at approximately $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SCHW shares. Morgan Stanley upped their price target on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $103.00 in a research report on Tuesday. Citigroup upped their price target on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Finally, Barclays upped their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Stock Down 1.6 %

NYSE:SCHW opened at $80.50 on Friday. 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’s fifty day moving average is $77.98 and its two-hundred day moving average is $72.95. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The stock has a market capitalization of $143.38 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio is 36.12%.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 490,120 shares of company stock worth $40,127,472. Corporate insiders own 6.60% of the company’s stock.

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.