Avondale Wealth Management Has $636,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Avondale Wealth Management cut its position in The Charles Schwab Co. (NYSE:SCHW) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,600 shares of the financial services provider’s stock after selling 3,100 shares during the period. Charles Schwab accounts for about 0.4% of Avondale Wealth Management’s investment portfolio, making the stock its 29th biggest position. Avondale Wealth Management’s holdings in Charles Schwab were worth $636,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV lifted its position in Charles Schwab by 16.3% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,113 shares of the financial services provider’s stock worth $4,301,000 after buying an additional 8,156 shares in the last quarter. Michael S. Ryan Inc. lifted its position in shares of Charles Schwab by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares in the last quarter. Collective Family Office LLC bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $202,000. Spartan Planning & Wealth Management acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $227,000. Finally, Diversified Trust Co raised its position in Charles Schwab by 13.3% in the 4th quarter. Diversified Trust Co now owns 8,215 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 962 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 0.8 %

Charles Schwab stock traded down $0.58 during mid-day trading on Friday, hitting $72.42. 2,080,929 shares of the company’s stock were exchanged, compared to its average volume of 6,914,636. The company’s 50 day simple moving average is $77.53 and its 200-day simple moving average is $70.65. 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 firm has a market capitalization of $128.88 billion, a P/E ratio of 28.29, a PEG ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $0.77 earnings per share. Charles Schwab’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SCHW shares. JMP Securities reissued a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Bank of America cut their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. Piper Sandler lifted their price target on shares of Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and an average target price of $81.19.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This represents a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,968 shares of company stock valued at $8,842,821 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

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.