Manchester Financial Inc. Has $672,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Manchester Financial Inc. cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,073 shares of the financial services provider’s stock after selling 514 shares during the quarter. Manchester Financial Inc.’s holdings in Charles Schwab were worth $672,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Charles Schwab during the third quarter worth $25,000. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at about $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $33,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Charles Schwab during the 3rd quarter worth approximately $33,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,514 shares of company stock worth $3,859,731 over the last quarter. 6.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SCHW shares. Jefferies Financial Group upped their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Citigroup upped their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. UBS Group increased their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Redburn Partners cut their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, Barclays increased their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average target price of $84.56.

Charles Schwab Trading Down 0.8 %

Charles Schwab stock opened at $81.64 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50-day moving average of $78.06 and a 200-day moving average of $72.18. The company has a market cap of $145.29 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.02 and a beta of 0.99. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s payout ratio is presently 33.44%.

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.