New Republic Capital LLC Has $290,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

New Republic Capital LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,218 shares of the financial services provider’s stock after buying an additional 553 shares during the quarter. New Republic Capital LLC’s holdings in Charles Schwab were worth $290,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Charles Schwab by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after purchasing an additional 1,219,015 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after acquiring an additional 296,317 shares during the last quarter. Invesco Ltd. grew its stake in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after acquiring an additional 502,304 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Charles Schwab by 2.3% in the third quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after purchasing an additional 356,112 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Charles Schwab during the fourth quarter valued at about $950,192,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE:SCHW traded down $0.25 during trading hours on Wednesday, hitting $70.55. The stock had a trading volume of 5,617,393 shares, compared to its average volume of 7,590,847. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The firm has a market capitalization of $125.38 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 1.08 and a beta of 0.98. The company has a 50 day simple moving average of $73.75 and a two-hundred day simple moving average of $67.58.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 26.14% and a return on equity of 19.25%. Research analysts forecast that The Charles Schwab Co. will post 3.31 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 608,036 shares of company stock valued at $45,259,140. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SCHW shares. Citigroup upped their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Bank of America raised their target price on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. TD Cowen cut their price target on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Finally, StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.12.

Read Our Latest Report on Charles Schwab

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.

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

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