The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 15.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,712 shares of the financial services provider's stock after selling 29,037 shares during the quarter. Atria Investments Inc's holdings in Charles Schwab were worth $10,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. raised its position in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab in the 3rd quarter worth $25,000. Country Trust Bank bought a new position in shares of Charles Schwab in the 2nd quarter worth $26,000. American Capital Advisory LLC bought a new position in shares of Charles Schwab in the 2nd quarter worth $27,000. Finally, Fortitude Family Office LLC raised its position in shares of Charles Schwab by 97.5% in the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider's stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded up $3.95 on Monday, hitting $77.85. The stock had a trading volume of 13,126,438 shares, compared to its average volume of 8,058,275. The Charles Schwab Co. has a 52-week low of $53.60 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 0.65. The stock has a market cap of $138.45 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.69 and a beta of 0.96. The company's 50 day moving average price is $67.24 and its 200 day moving average price is $69.44.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 17.52% and a net margin of 27.47%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. On average, research analysts anticipate that The Charles Schwab Co. will post 3.11 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is 39.06%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Bank of America reduced their target price on Charles Schwab from $63.00 to $61.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 16th. Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. StockNews.com raised Charles Schwab from a "sell" rating to a "hold" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group raised 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $74.18.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the sale, the director now owns 554,929 shares in the company, valued at approximately $35,543,202.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total value of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 113,465 shares of company stock valued at $8,050,109. Corporate insiders own 6.60% of the company's stock.

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.