Tranquility Partners LLC Has $1.34 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Tranquility Partners LLC decreased its stake in The Charles Schwab Co. (NYSE:SCHW) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,494 shares of the financial services provider’s stock after selling 1,148 shares during the period. Tranquility Partners LLC’s holdings in Charles Schwab were worth $1,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SCHW. Providence Capital Advisors LLC acquired a new stake in Charles Schwab during the third quarter worth $28,000. Sugarloaf Wealth Management LLC boosted its stake in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Charles Schwab during the first quarter worth $32,000. BluePath Capital Management LLC acquired a new stake in Charles Schwab during the third quarter worth $34,000. Finally, Hall Laurie J Trustee acquired a new stake in Charles Schwab during the fourth quarter worth $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Insiders sold a total of 216,584 shares of company stock valued at $14,200,769 in the last quarter. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Down 0.8 %

Shares of SCHW traded down $0.57 on Wednesday, hitting $72.50. The company’s stock had a trading volume of 9,667,958 shares, compared to its average volume of 7,749,902. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average price is $67.97 and its 200-day moving average price is $62.75. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $73.88. The firm has a market capitalization of $128.76 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period in the previous year, the firm earned $1.07 EPS. Charles Schwab’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts expect that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SCHW shares. TD Cowen boosted their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup boosted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Barclays boosted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.47.

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.