Buckhead Capital Management LLC Lowers Holdings in The Charles Schwab Co. (NYSE:SCHW)

Buckhead Capital Management LLC trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,547 shares of the financial services provider’s stock after selling 500 shares during the period. Buckhead Capital Management LLC’s holdings in Charles Schwab were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Accurate Wealth Management LLC boosted its holdings in Charles Schwab by 5.5% in the third quarter. Accurate Wealth Management LLC now owns 4,522 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 234 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Charles Schwab by 27.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 131,076 shares of the financial services provider’s stock valued at $7,196,000 after purchasing an additional 28,241 shares during the period. Xponance Inc. boosted its holdings in Charles Schwab by 2.9% in the third quarter. Xponance Inc. now owns 177,950 shares of the financial services provider’s stock valued at $9,769,000 after purchasing an additional 4,957 shares during the period. Maryland State Retirement & Pension System boosted its holdings in Charles Schwab by 0.8% in the third quarter. Maryland State Retirement & Pension System now owns 114,158 shares of the financial services provider’s stock valued at $6,267,000 after purchasing an additional 932 shares during the period. Finally, Mount Vernon Associates Inc. MD raised its stake in Charles Schwab by 1.0% in the third quarter. Mount Vernon Associates Inc. MD now owns 29,900 shares of the financial services provider’s stock valued at $1,642,000 after buying an additional 300 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the transaction, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 514,459 shares of company stock worth $36,371,155. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Up 0.8 %

Shares of Charles Schwab stock traded up $0.62 during trading on Wednesday, hitting $74.57. The stock had a trading volume of 6,923,695 shares, compared to its average volume of 7,686,890. The stock has a 50 day simple moving average of $70.09 and a 200 day simple moving average of $64.33. The company has a market capitalization of $132.44 billion, a PE ratio of 30.77, a P/E/G ratio of 1.09 and a beta of 1.01. 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 $45.65 and a 1 year high of $75.55.

Charles Schwab Dividend Announcement

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

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on 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 reissued a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, April 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, Barclays upped their price objective on 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 equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.