AA Financial Advisors LLC Sells 304 Shares of The Charles Schwab Co. (NYSE:SCHW)

AA Financial Advisors LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 8.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,298 shares of the financial services provider’s stock after selling 304 shares during the quarter. AA Financial Advisors LLC’s holdings in Charles Schwab were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harfst & Associates Inc. lifted its holdings in shares of Charles Schwab by 3.9% during the 3rd quarter. Harfst & Associates Inc. now owns 46,483 shares of the financial services provider’s stock valued at $3,013,000 after buying an additional 1,755 shares during the period. Raymond James & Associates lifted its holdings in shares of Charles Schwab by 3.2% during the 3rd quarter. Raymond James & Associates now owns 1,803,240 shares of the financial services provider’s stock valued at $116,868,000 after buying an additional 55,535 shares during the period. First Citizens Bank & Trust Co. raised its holdings in Charles Schwab by 2.9% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 21,791 shares of the financial services provider’s stock worth $1,412,000 after purchasing an additional 624 shares during the period. Capital Investment Advisors LLC lifted its position in Charles Schwab by 5.2% during the third quarter. Capital Investment Advisors LLC now owns 6,615 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 324 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Charles Schwab by 42.4% during the third quarter. Blue Trust Inc. now owns 19,517 shares of the financial services provider’s stock valued at $1,265,000 after purchasing an additional 5,813 shares during the period. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of Charles Schwab stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,001 shares of company stock valued at $12,512,592 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $71.36 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $126.83 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.47 and a beta of 0.97. The firm’s fifty day moving average is $64.97 and its two-hundred day moving average is $69.49. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. Charles Schwab’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. As a group, analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Ratings Changes

Several research firms have recently commented on SCHW. The Goldman Sachs Group raised their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. JMP Securities increased their price objective on shares of Charles Schwab from $82.00 to $84.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group decreased their price objective on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Finally, Morgan Stanley decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and an average target price of $73.59.

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.