Private Trust Co. NA Sells 665 Shares of The Charles Schwab Co. (NYSE:SCHW)

Private Trust Co. NA trimmed its position in The Charles Schwab Co. (NYSE:SCHW) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,059 shares of the financial services provider’s stock after selling 665 shares during the quarter. Private Trust Co. NA’s holdings in Charles Schwab were worth $328,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SCHW. Truvestments Capital LLC bought a new stake in Charles Schwab in the third quarter valued at approximately $88,000. Independent Advisor Alliance raised its stake in Charles Schwab by 22.2% in the 3rd quarter. Independent Advisor Alliance now owns 40,210 shares of the financial services provider’s stock valued at $2,606,000 after acquiring an additional 7,301 shares during the period. Davis R M Inc. lifted its holdings in Charles Schwab by 7.7% during the 3rd quarter. Davis R M Inc. now owns 15,002 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 1,075 shares during the last quarter. Fisher Asset Management LLC boosted its position in Charles Schwab by 2.5% during the third quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider’s stock worth $1,308,485,000 after purchasing an additional 493,264 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Charles Schwab by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 220,709 shares of the financial services provider’s stock valued at $14,304,000 after purchasing an additional 22,259 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SCHW shares. Jefferies Financial Group cut their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Barclays boosted their price objective on Charles Schwab from $64.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Raymond James lowered their target price on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. JMP Securities boosted their price target on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $74.18.

Charles Schwab Stock Up 0.4 %

Shares of SCHW opened at $82.60 on Thursday. The firm has a 50 day simple moving average of $71.66 and a two-hundred day simple moving average of $69.94. The company has a market cap of $147.00 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.77 and a beta of 0.96. The Charles Schwab Co. has a one year low of $55.59 and a one year high of $82.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

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 business 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%. Charles Schwab’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. Research analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now directly owns 554,929 shares in the company, valued at approximately $35,543,202.45. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,968 shares of company stock worth $9,419,271 over the last quarter. 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.