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

Delta Capital Management LLC cut its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,850 shares of the financial services provider’s stock after selling 1,660 shares during the quarter. Charles Schwab makes up approximately 1.6% of Delta Capital Management LLC’s portfolio, making the stock its 6th biggest position. Delta Capital Management LLC’s holdings in Charles Schwab were worth $4,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. RMR Wealth Builders lifted its stake in Charles Schwab by 2.8% during the first quarter. RMR Wealth Builders now owns 7,493 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 201 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Charles Schwab by 16.7% during the first quarter. NorthCrest Asset Manangement LLC now owns 17,725 shares of the financial services provider’s stock worth $1,387,000 after purchasing an additional 2,537 shares during the last quarter. Rockland Trust Co. purchased a new stake in Charles Schwab during the first quarter worth approximately $361,000. Mogy Joel R Investment Counsel Inc. lifted its stake in Charles Schwab by 3.7% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 6,897 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 245 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its stake in Charles Schwab by 2.2% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 183,489 shares of the financial services provider’s stock worth $14,363,000 after purchasing an additional 3,959 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,850 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total value of $249,574.50. Following the completion of the sale, the insider now directly owns 15,219 shares in the company, valued at approximately $1,332,727.83. The trade was a 15.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now owns 45,824 shares of the company’s stock, valued at $3,548,152.32. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,608 shares of company stock worth $8,392,040 in the last three months. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. TD Securities boosted their price objective on Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Finally, UBS Group boosted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

Charles Schwab Stock Up 0.1%

Shares of NYSE:SCHW opened at $88.48 on Friday. The stock’s 50-day moving average price is $82.95 and its two-hundred day moving average price is $79.84. 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 Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The firm has a market cap of $160.77 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.99 and a beta of 0.94.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period last year, the business posted $0.74 EPS. On average, research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

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.