Edgestream Partners L.P. Sells 99,044 Shares of The Charles Schwab Co. (NYSE:SCHW)

Edgestream Partners L.P. lowered its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,225 shares of the financial services provider's stock after selling 99,044 shares during the period. Edgestream Partners L.P.'s holdings in Charles Schwab were worth $1,497,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Charles Schwab during the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab during the 3rd quarter worth $31,000. Planning Capital Management Corp purchased a new stake in Charles Schwab in the 3rd quarter worth about $33,000. Peterson Financial Group Inc. bought a new stake in Charles Schwab in the 3rd quarter valued at about $35,000. Finally, Financial Life Planners purchased a new stake in Charles Schwab during the fourth quarter valued at about $46,000. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Up 3.1 %

SCHW traded up $2.22 on Wednesday, hitting $74.69. The company had a trading volume of 6,136,663 shares, compared to its average volume of 12,148,176. The stock has a fifty day simple moving average of $78.42 and a 200-day simple moving average of $74.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $135.45 billion, a P/E ratio of 24.99, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50.

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Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.27 dividend. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's payout ratio is currently 36.12%.

Insider Buying and Selling

In related news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now directly owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This represents a 5.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock worth $40,952,233 in the last 90 days. Insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. Barclays raised their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Redburn Partners reduced their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. Morgan Stanley upped their price target on Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Wells Fargo & Company raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Finally, JMP Securities restated a "market outperform" rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $86.33.

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.