The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Sonen Capital LLC

Sonen Capital LLC decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,690 shares of the financial services provider’s stock after selling 1,247 shares during the period. Sonen Capital LLC’s holdings in Charles Schwab were worth $598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Markel Group Inc. increased its stake in Charles Schwab by 4.5% in the 4th quarter. Markel Group Inc. now owns 1,334,766 shares of the financial services provider’s stock valued at $91,832,000 after buying an additional 58,000 shares during the period. Callan Capital LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth about $265,000. Motley Fool Asset Management LLC increased its stake in shares of Charles Schwab by 7.0% during the fourth quarter. Motley Fool Asset Management LLC now owns 50,207 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 3,278 shares during the period. Wisconsin Capital Management LLC purchased a new position in Charles Schwab during the fourth quarter worth about $241,000. Finally, Tandem Capital Management Corp ADV lifted its position in Charles Schwab by 17.9% in the fourth quarter. Tandem Capital Management Corp ADV now owns 45,091 shares of the financial services provider’s stock valued at $3,102,000 after purchasing an additional 6,833 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.1 %

Shares of SCHW opened at $74.99 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55. The stock has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The firm has a 50 day simple moving average of $69.68 and a 200-day simple moving average of $63.92.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Peter B. Crawford sold 5,481 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold a total of 394,648 shares of company stock valued at $27,400,905 over the last quarter. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on SCHW shares. JMP Securities reiterated a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Citigroup boosted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Morgan Stanley upped their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.47.

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.