Crestwood Advisors Group LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Crestwood Advisors Group LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 666,331 shares of the financial services provider’s stock after selling 8,076 shares during the period. Crestwood Advisors Group LLC’s holdings in Charles Schwab were worth $43,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Central Bank & Trust Co. raised its position in Charles Schwab by 2.1% in the third quarter. Central Bank & Trust Co. now owns 42,838 shares of the financial services provider’s stock valued at $2,776,000 after purchasing an additional 869 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at $188,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at $33,000. Asset Management One Co. Ltd. lifted its stake in Charles Schwab by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 594,649 shares of the financial services provider’s stock worth $38,539,000 after acquiring an additional 11,637 shares in the last quarter. Finally, National Pension Service boosted its holdings in Charles Schwab by 15.6% during the 3rd quarter. National Pension Service now owns 2,811,836 shares of the financial services provider’s stock valued at $182,235,000 after acquiring an additional 379,212 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 0.5 %

Shares of Charles Schwab stock traded down $0.36 during trading hours on Tuesday, hitting $70.60. The company had a trading volume of 234,147 shares, compared to its average volume of 7,963,799. The company’s 50-day moving average is $66.52 and its two-hundred day moving average is $69.47. The Charles Schwab Co. has a twelve month low of $53.49 and a twelve month high of $79.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $125.56 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that The Charles Schwab Co. will post 3.11 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. Charles Schwab’s payout ratio is 39.06%.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total value of $802,032.00. Following the transaction, the director now owns 562,129 shares of the company’s stock, valued at approximately $36,594,597.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now directly owns 562,129 shares of the company’s stock, valued at approximately $36,594,597.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,465 shares of company stock worth $8,050,109. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charles Schwab from $77.00 to $76.00 in a research report on Tuesday, October 15th. Raymond James reduced their target price on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Cowen raised their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. UBS Group cut their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group lifted their target price on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $73.94.

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.