Kingswood Wealth Advisors LLC Sells 7,725 Shares of The Charles Schwab Co. (NYSE:SCHW)

Kingswood Wealth Advisors LLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 58.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,568 shares of the financial services provider's stock after selling 7,725 shares during the period. Kingswood Wealth Advisors LLC's holdings in Charles Schwab were worth $412,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Stablepoint Partners LLC grew its holdings in Charles Schwab by 1.1% during the fourth quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider's stock worth $924,000 after acquiring an additional 141 shares during the period. Alliance Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 2.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider's stock worth $347,000 after purchasing an additional 142 shares in the last quarter. Michael S. Ryan Inc. boosted its holdings in Charles Schwab by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider's stock worth $444,000 after buying an additional 144 shares in the last quarter. GS Investments Inc. lifted its holdings in shares of Charles Schwab by 0.3% during the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider's stock valued at $3,722,000 after purchasing an additional 146 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC lifted its stake in Charles Schwab by 2.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider's stock valued at $401,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on SCHW shares. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. Bank of America lowered their target price on Charles Schwab from $63.00 to $61.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Finally, Raymond James cut their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $84.11.

Charles Schwab Stock Up 1.9 %

Shares of SCHW stock opened at $83.59 on Friday. The company has a market capitalization of $148.76 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.00 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 stock's 50 day simple moving average is $77.89 and its 200 day simple moving average is $71.00. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.84.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. As a group, research analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.27 dividend. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is currently 33.44%.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arun Sarin sold 8,548 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,014 shares of company stock worth $4,052,281. Company 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.