Country Club Bank Sells 3,324 Shares of The Charles Schwab Co. (NYSE:SCHW)

Country Club Bank lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 126,856 shares of the financial services provider’s stock after selling 3,324 shares during the period. Country Club Bank’s holdings in Charles Schwab were worth $9,378,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Charles Schwab by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,500 shares of the financial services provider’s stock worth $16,179,000 after buying an additional 7,746 shares during the last quarter. Jericho Financial LLP bought a new position in Charles Schwab during the fourth quarter worth $781,000. Y.D. More Investments Ltd raised its stake in Charles Schwab by 122.3% during the fourth quarter. Y.D. More Investments Ltd now owns 1,845 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,015 shares during the last quarter. Weaver Capital Management LLC raised its stake in Charles Schwab by 37.7% during the fourth quarter. Weaver Capital Management LLC now owns 8,903 shares of the financial services provider’s stock worth $659,000 after buying an additional 2,437 shares during the last quarter. Finally, Hager Investment Management Services LLC bought a new position in Charles Schwab during the fourth quarter worth $1,961,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,014 shares of company stock valued at $4,052,281. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 1.0 %

SCHW opened at $81.90 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50-day moving average is $77.99 and its 200 day moving average is $71.36. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.84. The firm has a market capitalization of $145.75 billion, a P/E ratio of 27.39, a PEG ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Research analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.32%. Charles Schwab’s payout ratio is currently 33.44%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of research reports. UBS Group raised their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Cowen raised their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley raised their price target on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.11.

Charles Schwab Company 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.