MCF Advisors LLC Decreases Stake in The Charles Schwab Co. (NYSE:SCHW)

MCF Advisors LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,188 shares of the financial services provider’s stock after selling 798 shares during the period. MCF Advisors LLC’s holdings in Charles Schwab were worth $520,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Charles Schwab by 65.3% in the third quarter. Acadian Asset Management LLC now owns 19,006 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 7,505 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Charles Schwab by 34.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,161 shares of the financial services provider’s stock worth $2,589,000 after acquiring an additional 12,197 shares in the last quarter. MQS Management LLC bought a new position in Charles Schwab in the 3rd quarter worth approximately $214,000. Synovus Financial Corp lifted its holdings in shares of Charles Schwab by 9.5% in the third quarter. Synovus Financial Corp now owns 53,529 shares of the financial services provider’s stock valued at $2,939,000 after buying an additional 4,641 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Charles Schwab during the third quarter valued at approximately $17,261,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on SCHW. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. UBS Group raised their price target on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Barclays raised their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Finally, Bank of America raised their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $75.56.

Insider Activity at Charles Schwab

In other news, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the sale, the insider now owns 71,446 shares of the company’s stock, valued at approximately $5,172,690.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $72.40, for a total transaction of $724,000.00. Following the completion of the sale, the insider now owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the transaction, the director now owns 570,657 shares of the company’s stock, valued at $41,366,925.93. The disclosure for this sale can be found here. Insiders sold a total of 658,663 shares of company stock worth $48,997,146 in the last quarter. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Performance

NYSE SCHW traded up $0.13 during trading hours on Friday, hitting $73.69. 8,997,560 shares of the company’s stock traded hands, compared to its average volume of 5,743,318. The business’s fifty day moving average price is $74.42 and its two-hundred day moving average price is $69.78. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $130.97 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Equities research analysts predict that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

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.