Caprock Group LLC Cuts Stake in The Charles Schwab Co. (NYSE:SCHW)

Caprock Group LLC decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,607 shares of the financial services provider's stock after selling 7,348 shares during the quarter. Caprock Group LLC's holdings in Charles Schwab were worth $3,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SCHW. Country Trust Bank bought a new position in shares of Charles Schwab during the second quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter worth $25,000. Washington Trust Advisors Inc. boosted its holdings in shares of Charles Schwab by 62.6% during the third 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. Fortitude Family Office LLC increased its holdings 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 during the period. Finally, American Capital Advisory LLC bought a new stake in Charles Schwab in the 2nd quarter valued at about $27,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the sale, the director now owns 442,807 shares of the company's stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 62,345 shares of the firm's 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 sale, the chairman now directly owns 60,619,371 shares of the company's stock, valued at approximately $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,929 shares of company stock valued at $8,196,624. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Performance

SCHW traded up $0.27 during trading on Wednesday, hitting $80.46. The stock had a trading volume of 5,789,516 shares, compared to its average volume of 8,099,637. 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 Charles Schwab Co. has a twelve month low of $55.42 and a twelve month high of $82.50. The firm has a market capitalization of $143.19 billion, a P/E ratio of 31.32, a PEG ratio of 1.76 and a beta of 0.96. The company's 50-day moving average price is $69.45 and its 200 day moving average price is $69.67.

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

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.24%. Charles Schwab's payout ratio is 39.06%.

Analyst Ratings Changes

Several analysts have recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $77.00 to $80.00 and gave the company a "buy" rating in a report on Monday, November 11th. Barclays lifted their price target on shares of Charles Schwab from $64.00 to $74.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price objective on Charles Schwab from $76.00 to $81.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Cowen lifted their price objective on Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Finally, Raymond James dropped their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $74.18.

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.