The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Xcel Wealth Management LLC

Xcel Wealth Management LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 3.4% in the 4th quarter, Holdings Channel reports. The fund owned 28,195 shares of the financial services provider’s stock after selling 1,000 shares during the period. Xcel Wealth Management LLC’s holdings in Charles Schwab were worth $2,087,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SCHW. Principal Securities Inc. grew its position in shares of Charles Schwab by 4.7% during the third quarter. Principal Securities Inc. now owns 128,180 shares of the financial services provider’s stock worth $8,307,000 after buying an additional 5,798 shares in the last quarter. Lebenthal Global Advisors LLC grew its position in shares of Charles Schwab by 6.2% during the third quarter. Lebenthal Global Advisors LLC now owns 16,603 shares of the financial services provider’s stock worth $1,076,000 after buying an additional 964 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Charles Schwab by 2.8% during the third quarter. Farther Finance Advisors LLC now owns 27,350 shares of the financial services provider’s stock worth $1,773,000 after buying an additional 751 shares in the last quarter. VELA Investment Management LLC grew its position in shares of Charles Schwab by 1.3% during the third quarter. VELA Investment Management LLC now owns 23,657 shares of the financial services provider’s stock worth $1,533,000 after buying an additional 313 shares in the last quarter. Finally, Biechele Royce Advisors grew its position in shares of Charles Schwab by 10.0% during the third quarter. Biechele Royce Advisors now owns 210,531 shares of the financial services provider’s stock worth $13,644,000 after buying an additional 19,061 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW opened at $79.71 on Friday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a market cap of $141.99 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a fifty day moving average of $78.37 and a 200-day moving average of $73.54.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.35%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is presently 36.12%.

Insider Buying and Selling

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock valued at $39,938,849 over the last 90 days. 6.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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 research report on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Redburn Partners reduced their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. UBS Group raised their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group raised their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus price target of $86.33.

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.