TCI Wealth Advisors Inc. Sells 1,057 Shares of The Charles Schwab Co. (NYSE:SCHW)

TCI Wealth Advisors Inc. decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,967 shares of the financial services provider’s stock after selling 1,057 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Charles Schwab were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new position in Charles Schwab during the third quarter worth about $28,000. Sugarloaf Wealth Management LLC boosted its stake in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $31,000. BluePath Capital Management LLC purchased a new position in Charles Schwab in the third quarter worth $34,000. Finally, Hall Laurie J Trustee bought a new position in Charles Schwab in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SCHW shares. Citigroup boosted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Morgan Stanley increased their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Raymond James decreased their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Price Performance

NYSE:SCHW traded up $0.71 during mid-day trading on Friday, hitting $76.04. 5,414,735 shares of the stock traded hands, compared to its average volume of 7,577,556. The business’s 50-day moving average price is $70.75 and its 200 day moving average price is $64.80. 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 Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $76.47. The company has a market cap of $135.05 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Buying and Selling

In other news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,573,414.17. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,573,414.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total transaction of $3,779,100.00. Following the sale, the chairman now directly owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Insiders sold a total of 514,459 shares of company stock worth $36,371,155 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

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.