Armstrong Henry H Associates Inc. Sells 7,000 Shares of The Charles Schwab Co. (NYSE:SCHW)

Armstrong Henry H Associates Inc. decreased its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 39.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,591 shares of the financial services provider's stock after selling 7,000 shares during the period. Armstrong Henry H Associates Inc.'s holdings in Charles Schwab were worth $784,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Washington Trust Advisors Inc. grew its stake in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Charles Schwab during the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab in the third quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Charles Schwab in the third quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at $33,000. Institutional investors own 84.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Bank of America dropped their price target on shares of 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 boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, Jefferies Financial Group boosted their price target on Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and an average price target of $81.63.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the stock in a transaction 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 sale, the chairman now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company'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 completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,968 shares of company stock worth $8,842,821. Insiders own 6.60% of the company's stock.

Charles Schwab Price Performance

SCHW traded down $0.36 during midday trading on Tuesday, hitting $72.30. The company had a trading volume of 6,608,896 shares, compared to its average volume of 8,027,081. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35. The firm's 50-day simple moving average is $77.62 and its 200-day simple moving average is $70.58. The company has a market capitalization of $128.67 billion, a PE ratio of 28.24, 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.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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 company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. Equities research analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. Charles Schwab's payout ratio is presently 39.06%.

About Charles Schwab

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.