The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Reduced by Townsquare Capital LLC

Townsquare Capital LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,513 shares of the financial services provider’s stock after selling 3,792 shares during the quarter. Townsquare Capital LLC’s holdings in Charles Schwab were worth $3,922,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab during the 3rd quarter worth about $25,000. Country Trust Bank acquired a new position in shares of Charles Schwab during the 2nd quarter valued at about $26,000. American Capital Advisory LLC bought a new position in shares of Charles Schwab in the 2nd quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC lifted its holdings in Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the transaction, the director now owns 554,929 shares of the company’s stock, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,968 shares of company stock valued at $9,419,271. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SCHW. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Citigroup dropped their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Raymond James decreased their price target on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.18.

Charles Schwab Stock Performance

NYSE SCHW opened at $82.79 on Friday. The Charles Schwab Co. has a twelve month low of $59.61 and a twelve month high of $83.35. 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 $147.34 billion, a P/E ratio of 32.34, a PEG ratio of 1.79 and a beta of 0.96. The company’s 50-day simple moving average is $72.37 and its 200 day simple moving average is $70.08.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. As a group, research analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. Charles Schwab’s dividend payout ratio is presently 39.06%.

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.