Westmount Partners LLC Sells 367 Shares of The Charles Schwab Co. (NYSE:SCHW)

Westmount Partners LLC lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,687 shares of the financial services provider’s stock after selling 367 shares during the quarter. Westmount Partners LLC’s holdings in Charles Schwab were worth $717,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SCHW. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in Charles Schwab during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Raymond James lowered their target price on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Citigroup decreased their price objective on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Jefferies Financial Group upped 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.69.

Charles Schwab Trading Down 0.6 %

SCHW stock traded down $0.45 during trading on Monday, reaching $72.32. 2,337,579 shares of the stock were exchanged, compared to its average volume of 7,584,710. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $77.57 and a 200-day moving average price of $70.59. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35. The firm has a market capitalization of $128.71 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This represents a 5.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 118,968 shares of company stock worth $8,842,821 over the last three months. Insiders own 6.60% of the company’s stock.

Charles Schwab 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.