The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Aviance Capital Partners LLC

Aviance Capital Partners LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,385 shares of the financial services provider’s stock after buying an additional 878 shares during the quarter. Charles Schwab accounts for approximately 1.2% of Aviance Capital Partners LLC’s portfolio, making the stock its 19th largest holding. Aviance Capital Partners LLC’s holdings in Charles Schwab were worth $5,599,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Courier Capital LLC increased its stake in shares of Charles Schwab by 0.4% during the 4th 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 in the last quarter. Sugarloaf Wealth Management LLC increased its position 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 buying an additional 165 shares in the last quarter. Red Spruce Capital LLC raised its holdings in shares of Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after acquiring an additional 172 shares during the last quarter. Uncommon Cents Investing LLC lifted its position in shares of Charles Schwab by 1.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 175 shares in the last quarter. Finally, Diligent Investors LLC boosted its stake in shares of Charles Schwab by 3.0% during the fourth quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 176 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Trading Up 1.1 %

Shares of NYSE SCHW traded up $0.82 during midday trading on Monday, hitting $76.86. The stock had a trading volume of 4,855,876 shares, compared to its average volume of 7,605,208. 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 1-year low of $46.55 and a 1-year high of $76.93. The company has a market capitalization of $136.51 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.11 and a beta of 0.98. The company has a fifty day moving average price of $71.00 and a 200 day moving average price of $64.98.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SCHW shares. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Bank of America increased their price target on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Finally, Raymond James lowered their price objective 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.47.

Insiders Place Their Bets

In related news, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Charles R. Schwab sold 89,275 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. 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 company insiders.

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.