West Family Investments Inc. Sells 317 Shares of The Charles Schwab Co. (NYSE:SCHW)

West Family Investments Inc. cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.7% in the 4th quarter, HoldingsChannel reports. The fund owned 3,818 shares of the financial services provider’s stock after selling 317 shares during the period. West Family Investments Inc.’s holdings in Charles Schwab were worth $263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Courier Capital LLC boosted its holdings in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Red Spruce Capital LLC boosted its holdings in Charles Schwab by 0.4% during the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after purchasing an additional 172 shares during the last quarter. Uncommon Cents Investing LLC boosted its holdings in Charles Schwab by 1.2% during the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock worth $1,023,000 after purchasing an additional 175 shares during the last quarter. Finally, Diligent Investors LLC boosted its holdings in Charles Schwab by 3.0% during the fourth quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 176 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 0.3 %

Shares of NYSE:SCHW traded up $0.19 on Thursday, hitting $74.76. The company had a trading volume of 2,598,875 shares, compared to its average volume of 7,626,482. The firm’s 50-day simple moving average is $70.30 and its two-hundred day simple moving average is $64.40. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $132.78 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 1.08 and a beta of 0.98.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Transactions at Charles Schwab

In related news, Chairman Charles R. Schwab sold 59,906 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $74.78, for a total value of $4,479,770.68. Following the transaction, the chairman now owns 61,038,701 shares of the company’s stock, valued at $4,564,474,060.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $74.78, for a total value of $4,479,770.68. Following the completion of the transaction, the chairman now directly owns 61,038,701 shares in the company, valued at $4,564,474,060.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the transaction, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 514,459 shares of company stock valued at $36,371,155. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SCHW shares. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, April 16th. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, Barclays upped their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.47.

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.