Nelson Roberts Investment Advisors LLC Sells 3,488 Shares of Charles Schwab Co. (NYSE:SCHW)

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Nelson Roberts Investment Advisors LLC decreased its holdings in shares of Charles Schwab Co. (NYSE:SCHW) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,133 shares of the financial services provider’s stock after selling 3,488 shares during the quarter. Charles Schwab comprises approximately 1.6% of Nelson Roberts Investment Advisors LLC’s holdings, making the stock its 22nd largest position. Nelson Roberts Investment Advisors LLC’s holdings in Charles Schwab were worth $7,806,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. First Trust Advisors LP bought a new stake in shares of Charles Schwab in the 1st quarter worth approximately $1,805,000. BlackRock Inc. lifted its position in shares of Charles Schwab by 3.7% in the 2nd quarter. BlackRock Inc. now owns 87,080,690 shares of the financial services provider’s stock worth $3,499,773,000 after acquiring an additional 3,140,824 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Charles Schwab by 187.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,716 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 1,119 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $26,000. Finally, Quest Capital Management Inc. ADV bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $114,000. Hedge funds and other institutional investors own 81.32% of the company’s stock.

In related news, EVP Jonathan M. Craig sold 3,162 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $47.33, for a total transaction of $149,657.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen T. Mclin sold 5,364 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $47.29, for a total value of $253,663.56. Following the sale, the director now directly owns 7,297 shares of the company’s stock, valued at $345,075.13. The disclosure for this sale can be found here. Insiders have sold a total of 609,202 shares of company stock valued at $28,521,767 over the last ninety days. Insiders own 10.90% of the company’s stock.

A number of brokerages have recently issued reports on SCHW. Zacks Investment Research cut Charles Schwab from a “strong-buy” rating to a “hold” rating and set a $58.00 target price for the company. in a report on Tuesday, December 17th. Bank of America reissued a “neutral” rating and issued a target price (up from ) on shares of Charles Schwab in a report on Monday, January 13th. Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $56.00 target price for the company in a report on Thursday, December 12th. UBS Group raised Charles Schwab from a “sell” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $50.00 in a report on Monday, December 2nd. Finally, Barclays raised Charles Schwab from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $35.00 to $49.00 in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $49.73.

Shares of SCHW traded down $1.16 during mid-day trading on Friday, reaching $40.75. The company had a trading volume of 27,459,703 shares, compared to its average volume of 10,242,925. The company’s 50-day moving average is $46.76 and its 200-day moving average is $43.88. Charles Schwab Co. has a twelve month low of $34.58 and a twelve month high of $51.65. The company has a market capitalization of $53.11 billion, a P/E ratio of 15.26, a P/E/G ratio of 2.33 and a beta of 1.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.30 and a quick ratio of 0.30.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. Charles Schwab had a return on equity of 20.22% and a net margin of 34.55%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the firm posted $0.65 EPS. The business’s revenue was down 3.4% on a year-over-year basis. As a group, equities analysts expect that Charles Schwab Co. will post 2.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.77%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is currently 26.47%.

Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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