Westover Capital Advisors LLC Sells 2,552 Shares of The Charles Schwab Co. (NYSE:SCHW)

Westover Capital Advisors LLC lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,189 shares of the financial services provider’s stock after selling 2,552 shares during the quarter. Charles Schwab accounts for 1.9% of Westover Capital Advisors LLC’s portfolio, making the stock its 11th biggest holding. Westover Capital Advisors LLC’s holdings in Charles Schwab were worth $5,930,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SCHW. Sugarloaf Wealth Management LLC lifted 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 valued at $30,000 after acquiring an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab in the fourth quarter worth about $31,000. Hall Laurie J Trustee acquired a new stake in Charles Schwab during the 4th quarter valued at approximately $34,000. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab during the third quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc grew its position in Charles Schwab by 81.0% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 268 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Keefe, Bruyette & Woods boosted their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. JMP Securities reiterated a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Barclays lifted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Price Performance

NYSE SCHW traded up $0.71 on Thursday, reaching $75.28. The company had a trading volume of 3,862,360 shares, compared to its average volume of 7,639,835. The firm’s 50 day moving average price is $70.30 and its 200 day moving average price is $64.40. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $75.55. 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 stock has a market capitalization of $133.70 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.08 and a beta of 0.98.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In related news, 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 owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the transaction, the chief financial officer now owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 58,500 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the sale, the chairman now directly owns 61,192,538 shares of the company’s stock, valued at approximately $3,953,037,954.80. The disclosure for this sale can be found here. Insiders sold 514,459 shares of company stock valued at $36,371,155 in the last 90 days. Company insiders own 6.60% of the company’s stock.

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.