Hudson Valley Investment Advisors Inc. ADV Acquires 8,156 Shares of The Charles Schwab Co. (NYSE:SCHW)

Hudson Valley Investment Advisors Inc. ADV lifted its stake in The Charles Schwab Co. (NYSE:SCHW) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,113 shares of the financial services provider’s stock after purchasing an additional 8,156 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Charles Schwab were worth $4,301,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Michael S. Ryan Inc. grew its position in shares of Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after buying an additional 144 shares during the period. Collective Family Office LLC bought a new position in Charles Schwab during the 4th quarter worth approximately $202,000. Spartan Planning & Wealth Management acquired a new position in Charles Schwab during the fourth quarter valued at approximately $227,000. Diversified Trust Co increased its stake in Charles Schwab by 13.3% in the fourth quarter. Diversified Trust Co now owns 8,215 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 962 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. raised its holdings in Charles Schwab by 6.7% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 33,176 shares of the financial services provider’s stock worth $2,455,000 after purchasing an additional 2,092 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCHW has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Raymond James lowered their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $95.00 in a report on Monday, December 9th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Bank of America cut their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.19.

Insiders Place Their Bets

In related news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $4,396,116,784.92. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,968 shares of company stock valued at $8,842,821. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $72.93 on Friday. 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 business has a 50-day moving average of $77.53 and a 200-day moving average of $70.65. The stock has a market capitalization of $129.79 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

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.