FLC Capital Advisors Cuts Position in The Charles Schwab Co. (NYSE:SCHW)

FLC Capital Advisors lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,817 shares of the financial services provider’s stock after selling 559 shares during the period. FLC Capital Advisors’ holdings in Charles Schwab were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. grew its holdings 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 acquiring an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the third quarter valued at $31,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab in the 3rd quarter worth about $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on SCHW shares. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. Citigroup reduced their price objective on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley lifted their price target on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $81.41.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,823 shares of company stock worth $2,171,194 over the last ninety days. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Performance

Charles Schwab stock opened at $76.53 on Monday. The company has a market cap of $136.20 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $83.35. 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 stock’s 50-day moving average is $77.68 and its 200-day moving average is $70.63.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) 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.