Whittier Trust Co. Sells 8,728 Shares of The Charles Schwab Co. (NYSE:SCHW)

Whittier Trust Co. trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,179 shares of the financial services provider’s stock after selling 8,728 shares during the quarter. Whittier Trust Co.’s holdings in Charles Schwab were worth $14,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. iA Global Asset Management Inc. grew its stake in Charles Schwab by 77.2% during the fourth quarter. iA Global Asset Management Inc. now owns 13,812 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 6,017 shares during the period. Magnetar Financial LLC acquired a new stake in Charles Schwab during the fourth quarter worth approximately $241,000. Teacher Retirement System of Texas grew its stake in Charles Schwab by 833.4% during the fourth quarter. Teacher Retirement System of Texas now owns 94,412 shares of the financial services provider’s stock worth $6,987,000 after purchasing an additional 84,297 shares during the period. Royal London Asset Management Ltd. grew its stake in Charles Schwab by 0.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,186,342 shares of the financial services provider’s stock worth $87,801,000 after purchasing an additional 3,434 shares during the period. Finally, GM Advisory Group LLC grew its stake in Charles Schwab by 3.8% in the fourth quarter. GM Advisory Group LLC now owns 20,736 shares of the financial services provider’s stock valued at $1,535,000 after acquiring an additional 750 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group boosted their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Citigroup boosted their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, JMP Securities restated a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Stock Up 1.5 %

Shares of NYSE:SCHW opened at $78.72 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $142.76 billion, a P/E ratio of 26.33, a P/E/G ratio of 0.99 and a beta of 0.98. The stock has a 50 day moving average price of $78.76 and a 200-day moving average price of $74.60. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.37%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is presently 36.12%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 501,087 shares of company stock worth $40,952,233 in the last 90 days. Insiders own 6.60% of the company’s stock.

Charles Schwab 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.