The Charles Schwab Co. (NYSE:SCHW) Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC cut its holdings in The Charles Schwab Co. (NYSE:SCHW) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,530 shares of the financial services provider’s stock after selling 9,965 shares during the period. Charles Schwab accounts for about 1.2% of LaFleur & Godfrey LLC’s portfolio, making the stock its 29th largest holding. LaFleur & Godfrey LLC’s holdings in Charles Schwab were worth $7,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Vontobel Holding Ltd. increased its holdings in Charles Schwab by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock valued at $1,847,000 after buying an additional 1,452 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Charles Schwab by 4.3% during the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock worth $528,000 after buying an additional 259 shares during the period. Sequoia Financial Advisors LLC lifted its position in Charles Schwab by 25.4% in the first quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 2,648 shares during the period. Brighton Jones LLC lifted its position in Charles Schwab by 7.5% in the first quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 267 shares during the period. Finally, Covestor Ltd lifted its position in Charles Schwab by 16.6% in the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now owns 581,457 shares in the company, valued at approximately $41,207,857.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now owns 581,457 shares in the company, valued at approximately $41,207,857.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Insiders sold a total of 216,584 shares of company stock worth $14,200,769 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Down 0.4 %

Shares of NYSE:SCHW traded down $0.28 during mid-day trading on Thursday, hitting $72.10. The stock had a trading volume of 3,181,292 shares, compared to its average volume of 7,759,620. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $127.87 billion, a PE ratio of 28.33, a P/E/G ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $72.94. The company’s 50 day moving average is $65.43 and its 200-day moving average is $61.18.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue was down 18.9% compared to the same quarter last year. On average, sell-side analysts predict that The Charles Schwab Co. will post 3.33 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Charles Schwab’s payout ratio is 39.37%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SCHW shares. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Raymond James cut their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Redburn Atlantic assumed coverage on Charles Schwab in a report on Friday, December 1st. They issued a “sell” rating and a $52.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $75.00 to $70.00 in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $71.12.

About Charles Schwab

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.