International Assets Investment Management LLC Sells 880,037 Shares of The Charles Schwab Co. (NYSE:SCHW)

International Assets Investment Management LLC cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 98.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,742 shares of the financial services provider's stock after selling 880,037 shares during the period. International Assets Investment Management LLC's holdings in Charles Schwab were worth $719,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SCHW. Spartan Planning & Wealth Management bought a new position in Charles Schwab during the fourth quarter valued at $227,000. Diversified Trust Co lifted its position in shares of Charles Schwab by 13.3% during the 4th quarter. Diversified Trust Co now owns 8,215 shares of the financial services provider's stock valued at $608,000 after buying an additional 962 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its stake in shares of Charles Schwab by 6.7% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 33,176 shares of the financial services provider's stock worth $2,455,000 after acquiring an additional 2,092 shares during the period. Oliver Luxxe Assets LLC increased its holdings in Charles Schwab by 61.9% in the 4th quarter. Oliver Luxxe Assets LLC now owns 60,655 shares of the financial services provider's stock worth $4,489,000 after acquiring an additional 23,187 shares during the last quarter. Finally, Iowa State Bank raised its stake in Charles Schwab by 4.9% in the 4th quarter. Iowa State Bank now owns 29,860 shares of the financial services provider's stock valued at $2,210,000 after acquiring an additional 1,384 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 62,345 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now directly owns 60,619,371 shares of the company's stock, valued at $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company's stock, valued at approximately $39,783,900.64. This represents a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,968 shares of company stock worth $8,842,821 over the last 90 days. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Down 0.3 %

Shares of NYSE SCHW traded down $0.21 during trading hours on Friday, hitting $72.79. The company's stock had a trading volume of 10,866,005 shares, compared to its average volume of 8,482,011. The business has a 50-day simple moving average of $77.53 and a 200-day simple moving average of $70.65. The stock has a market cap of $129.54 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.76 and a beta of 0.99. 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 12 month low of $59.67 and a 12 month high of $83.35.

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

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab's payout ratio is 39.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, December 9th. Barclays raised Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $74.00 to $95.00 in a report on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price target on Charles Schwab from $67.00 to $74.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.69.

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.