Focus Financial Network Inc. Sells 1,394 Shares of The Charles Schwab Co. (NYSE:SCHW)

Focus Financial Network Inc. decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,522 shares of the financial services provider’s stock after selling 1,394 shares during the period. Focus Financial Network Inc.’s holdings in Charles Schwab were worth $1,371,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of Charles Schwab by 78.9% during the third quarter. Exchange Traded Concepts LLC now owns 19,773 shares of the financial services provider’s stock valued at $1,281,000 after acquiring an additional 8,721 shares during the period. CHICAGO TRUST Co NA raised its holdings in Charles Schwab by 10.6% during the 3rd quarter. CHICAGO TRUST Co NA now owns 3,353 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 320 shares during the last quarter. Sound Income Strategies LLC lifted its position in Charles Schwab by 682.4% during the 3rd quarter. Sound Income Strategies LLC now owns 1,064 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 928 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Charles Schwab by 71.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,820 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 2,429 shares during the last quarter. Finally, Procyon Advisors LLC grew its position in shares of Charles Schwab by 5.4% during the 3rd quarter. Procyon Advisors LLC now owns 3,437 shares of the financial services provider’s stock worth $222,000 after buying an additional 176 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup raised their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Cowen boosted their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $84.56.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,514 shares of company stock valued at $3,859,731 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 2.9 %

Charles Schwab stock opened at $83.51 on Wednesday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $77.99 and a 200-day moving average of $71.99. The stock has a market capitalization of $148.61 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99.

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

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. This is a boost 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 1.29%. Charles Schwab’s payout ratio is presently 33.44%.

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.