Blair William & Co. IL Cuts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Blair William & Co. IL reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,811 shares of the financial services provider’s stock after selling 122,166 shares during the quarter. Blair William & Co. IL owned about 0.08% of Charles Schwab worth $105,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. NEOS Investment Management LLC boosted its holdings in shares of Charles Schwab by 31.4% in the 4th quarter. NEOS Investment Management LLC now owns 88,576 shares of the financial services provider’s stock worth $6,556,000 after purchasing an additional 21,152 shares in the last quarter. BIT Capital GmbH bought a new stake in Charles Schwab in the 4th quarter worth approximately $836,000. UniSuper Management Pty Ltd boosted its stake in Charles Schwab by 23.0% in the fourth quarter. UniSuper Management Pty Ltd now owns 95,398 shares of the financial services provider’s stock worth $7,060,000 after buying an additional 17,830 shares in the last quarter. Elo Mutual Pension Insurance Co grew its position in Charles Schwab by 1.7% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 146,067 shares of the financial services provider’s stock valued at $10,810,000 after acquiring an additional 2,492 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Charles Schwab by 11.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438,438 shares of the financial services provider’s stock worth $181,542,000 after acquiring an additional 241,685 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This trade represents a 17.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 501,087 shares of company stock worth $40,952,233 in the last quarter. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Down 0.8 %

Shares of Charles Schwab stock opened at $80.12 on Thursday. The company’s fifty day simple moving average is $79.44 and its two-hundred day simple moving average is $75.14. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $145.30 billion, a P/E ratio of 26.80, a PEG ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. Research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 36.12%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SCHW. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group boosted their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, UBS Group raised their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $86.33.

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.