The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,379 shares of the financial services provider's stock after selling 5,448 shares during the period. Charles Schwab makes up approximately 1.1% of Radnor Capital Management LLC's holdings, making the stock its 15th largest position. Radnor Capital Management LLC's holdings in Charles Schwab were worth $6,541,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHW. Thurston Springer Miller Herd & Titak Inc. grew its position in Charles Schwab by 3.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,992 shares of the financial services provider's stock valued at $444,000 after buying an additional 172 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth about $257,000. Assenagon Asset Management S.A. raised its holdings in Charles Schwab by 31.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,498,961 shares of the financial services provider's stock worth $110,938,000 after purchasing an additional 360,692 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Charles Schwab by 1.5% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 179,530 shares of the financial services provider's stock valued at $13,287,000 after purchasing an additional 2,628 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in Charles Schwab by 25.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 18,417 shares of the financial services provider's stock valued at $1,363,000 after purchasing an additional 3,789 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

Shares of SCHW stock traded up $1.41 during trading hours on Wednesday, hitting $73.75. The company's stock had a trading volume of 8,466,648 shares, compared to its average volume of 8,074,700. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $77.62 and a 200-day moving average of $70.58. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35. The stock has a market cap of $131.25 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.76 and a beta of 0.99.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, November 8th. Charles Schwab's payout ratio is currently 39.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SCHW. Wells Fargo & Company cut their target price on Charles Schwab from $90.00 to $89.00 and set an "equal weight" rating for the company in a research note on Tuesday. Cowen upped their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.63.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company's stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,623 shares of company stock valued at $4,321,562 over the last quarter. 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.