Krilogy Financial LLC Has $1.43 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Krilogy Financial LLC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,281 shares of the financial services provider’s stock after acquiring an additional 364 shares during the period. Krilogy Financial LLC’s holdings in Charles Schwab were worth $1,427,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP bought a new position in Charles Schwab in the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC bought a new stake in Charles Schwab during the third quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the third quarter valued at about $33,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

Charles Schwab stock opened at $76.53 on Friday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35. 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 stock has a fifty day moving average price of $77.68 and a two-hundred day moving average price of $70.65. The firm has a market capitalization of $136.20 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab Announces Dividend

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 $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,823 shares of company stock valued at $2,171,194. 6.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

SCHW has been the subject of several recent analyst reports. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company cut their target price on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, Bank of America cut their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $81.41.

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.