1832 Asset Management L.P. Raises Stock Position in The Charles Schwab Co. (NYSE:SCHW)

1832 Asset Management L.P. boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 491.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 64,137 shares of the financial services provider’s stock after purchasing an additional 53,300 shares during the period. 1832 Asset Management L.P.’s holdings in Charles Schwab were worth $4,413,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at about $1,458,000. Jump Financial LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at approximately $421,000. Huntington National Bank raised its stake in shares of Charles Schwab by 1.9% during the 3rd quarter. Huntington National Bank now owns 31,974 shares of the financial services provider’s stock worth $1,755,000 after buying an additional 591 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Charles Schwab during the 3rd quarter valued at approximately $566,000. Finally, Choreo LLC grew its stake in Charles Schwab by 4.4% in the 3rd quarter. Choreo LLC now owns 9,007 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jonathan M. Craig sold 4,977 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now directly owns 81,446 shares of the company’s stock, valued at $5,702,034.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Insiders sold a total of 655,476 shares of company stock worth $48,718,705 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.4 %

NYSE:SCHW opened at $73.93 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $131.39 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The stock’s fifty day moving average is $73.96 and its two-hundred day moving average is $68.37.

Charles Schwab (NYSE:SCHWGet Free Report) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. Research analysts anticipate that The Charles Schwab Co. will post 3.26 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, May 28th. Barclays upped their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. TD Cowen cut their price objective on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Keefe, Bruyette & Woods upped their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.65.

Get Our Latest Analysis on Charles Schwab

Charles Schwab Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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