Pathstone Holdings LLC Sells 38,045 Shares of The Charles Schwab Co. (NYSE:SCHW)

Pathstone Holdings LLC decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,604 shares of the financial services provider's stock after selling 38,045 shares during the period. Pathstone Holdings LLC's holdings in Charles Schwab were worth $12,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SCHW. Alliance Wealth Advisors LLC raised its stake in 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 valued at $347,000 after acquiring an additional 142 shares during the period. Washington Trust Advisors Inc. raised its stake in Charles Schwab by 62.6% in the 3rd 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. Arcataur Capital Management LLC raised its stake in Charles Schwab by 2.3% in the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider's stock valued at $431,000 after acquiring an additional 150 shares during the period. Tandem Capital Management Corp ADV increased its position in Charles Schwab by 0.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider's stock worth $3,210,000 after buying an additional 150 shares during the period. Finally, Ascent Wealth Partners LLC increased its position in Charles Schwab by 0.7% during the 2nd quarter. Ascent Wealth Partners LLC now owns 23,361 shares of the financial services provider's stock worth $1,721,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the 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 completion of the sale, the director now owns 554,929 shares of the company's stock, valued at approximately $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,929 shares of company stock worth $8,196,624 in the last ninety days. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $80.46 on Thursday. The firm has a market capitalization of $143.19 billion, a P/E ratio of 31.43, a P/E/G ratio of 1.74 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock's 50-day simple moving average is $69.79 and its two-hundred day simple moving average is $69.74. The Charles Schwab Co. has a twelve month low of $55.42 and a twelve month high of $82.50.

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

Charles Schwab Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, November 8th. Charles Schwab's dividend payout ratio is presently 39.06%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SCHW. Jefferies Financial Group lowered their price objective on Charles Schwab from $79.00 to $73.00 and set a "buy" rating on the stock in a research report on Friday, October 4th. Morgan Stanley increased their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. JMP Securities raised their price target on Charles Schwab from $82.00 to $84.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 16th. Finally, Raymond James decreased their price target on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.