Hennessy Advisors Inc. Has $1.10 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Hennessy Advisors Inc. reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 12.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,900 shares of the financial services provider’s stock after selling 2,100 shares during the quarter. Hennessy Advisors Inc.’s holdings in Charles Schwab were worth $1,103,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. grew its position in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab during the third quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab in the third quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the third quarter worth $33,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab 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 transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock valued at $2,171,194 in the last 90 days. 6.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $95.00 in a research report on Monday, December 9th. Citigroup lowered their price objective on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Raymond James reduced their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $81.41.

Charles Schwab Trading Up 1.4 %

SCHW stock opened at $76.53 on Friday. The business has a fifty day moving average price of $77.68 and a 200 day moving average price of $70.65. 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 Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.35. The stock has a market capitalization of $136.20 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.19 and a beta of 0.99.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

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.