The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Clarius Group LLC

Clarius Group LLC reduced its position in The Charles Schwab Co. (NYSE:SCHWFree Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,264 shares of the financial services provider’s stock after selling 524 shares during the quarter. Clarius Group LLC’s holdings in Charles Schwab were worth $844,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares in the last quarter. Geode Capital Management LLC grew its holdings in Charles Schwab by 1.5% in the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after purchasing an additional 391,238 shares during the last quarter. Morgan Stanley grew its holdings in Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after purchasing an additional 8,563,389 shares during the last quarter. Norges Bank acquired a new stake in Charles Schwab in the fourth quarter valued at $1,325,555,000. Finally, Invesco Ltd. grew its holdings in Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after purchasing an additional 502,304 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the completion of the sale, the chairman now directly owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on SCHW shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods lowered Charles Schwab from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $75.00 to $70.00 in a research note on Thursday, January 18th. UBS Group increased their price objective on Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Barclays increased their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Monday, April 8th. Finally, JMP Securities increased their price objective on Charles Schwab from $77.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.53.

Check Out Our Latest Analysis on SCHW

Charles Schwab Stock Performance

Charles Schwab stock opened at $70.05 on Friday. The stock’s 50-day moving average is $67.57 and its 200-day moving average is $62.39. The company has a market cap of $124.41 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $72.97.

Charles Schwab (NYSE:SCHWGet Free Report) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. Equities analysts anticipate that The Charles Schwab Co. will post 3.39 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. Charles Schwab’s payout ratio is currently 39.37%.

About Charles Schwab

(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.

Featured Stories

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWFree Report).

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

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.