The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Teamwork Financial Advisors LLC

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Teamwork Financial Advisors LLC cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 53.8% in the third quarter, HoldingsChannel reports. The fund owned 27,507 shares of the financial services provider’s stock after selling 31,984 shares during the period. Teamwork Financial Advisors LLC’s holdings in The Charles Schwab were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. BTR Capital Management Inc. acquired a new position in The Charles Schwab in the third quarter valued at approximately $213,000. Cutler Investment Counsel LLC acquired a new position in The Charles Schwab in the third quarter valued at approximately $7,768,000. Raymond James Trust N.A. increased its position in shares of The Charles Schwab by 29.4% in the third quarter. Raymond James Trust N.A. now owns 19,629 shares of the financial services provider’s stock valued at $711,000 after buying an additional 4,464 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of The Charles Schwab in the third quarter valued at approximately $377,000. Finally, DNB Asset Management AS increased its position in shares of The Charles Schwab by 4.1% in the third quarter. DNB Asset Management AS now owns 134,083 shares of the financial services provider’s stock valued at $4,858,000 after buying an additional 5,309 shares in the last quarter. 85.31% of the stock is owned by institutional investors.

In other The Charles Schwab news, Chairman Charles R. Schwab sold 65,056 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $33.19, for a total value of $2,159,208.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles A. Ruffel bought 2,854 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was bought at an average price of $34.91 per share, with a total value of $99,633.14. Following the completion of the acquisition, the director now owns 7,751 shares in the company, valued at $270,587.41. The disclosure for this purchase can be found here. 10.80% of the stock is owned by corporate insiders.

A number of analysts have recently commented on SCHW shares. TheStreet upgraded The Charles Schwab from a “c” rating to a “b-” rating in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on The Charles Schwab from $37.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Citigroup boosted their price objective on The Charles Schwab from $38.00 to $38.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Morgan Stanley boosted their price objective on The Charles Schwab from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, October 6th. Finally, Credit Suisse Group initiated coverage on The Charles Schwab in a research report on Wednesday. They issued a “neutral” rating and a $43.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.00.

NYSE:SCHW traded up $0.26 during trading hours on Friday, hitting $39.29. The company had a trading volume of 14,090,513 shares, compared to its average volume of 12,010,797. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $36.24 and a 200 day moving average of $35.43. The company has a market cap of $50.63 billion, a P/E ratio of 16.51 and a beta of 1.17. The Charles Schwab Co. has a 1 year low of $28.00 and a 1 year high of $51.65.

The Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 15th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. The Charles Schwab had a return on equity of 15.86% and a net margin of 31.48%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. On average, analysts forecast that The Charles Schwab Co. will post 2.13 earnings per share for the current year.

The Charles Schwab 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 The Charles Schwab (NYSE:SCHW)

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