3,412 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC bought a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,412 shares of the financial services provider's stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Charles Schwab in the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. raised its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 149 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the third quarter worth about $31,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab in the third quarter worth about $32,000. Finally, Planning Capital Management Corp acquired a new stake in shares of Charles Schwab in the third quarter valued at about $33,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company's stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,823 shares of company stock worth $2,171,194. Insiders own 6.60% of the company's stock.

Analyst Ratings Changes

SCHW has been the subject of a number of analyst reports. Raymond James decreased their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Barclays raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $74.00 to $95.00 in a report on Monday, December 9th. JMP Securities reissued a "market outperform" rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Wells Fargo & Company dropped their target price on Charles Schwab from $90.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Finally, Bank of America cut their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $81.41.

Charles Schwab Stock Performance

SCHW traded up $1.02 on Friday, hitting $76.53. 12,277,167 shares of the company's stock were exchanged, compared to its average volume of 6,817,749. The firm has a market cap of $136.20 billion, a PE ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99. The stock has a fifty day moving average of $77.68 and a two-hundred day moving average of $70.63. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, November 8th. Charles Schwab's payout ratio is 39.06%.

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.