Jacobs & Co. CA Sells 5,027 Shares of The Charles Schwab Co. (NYSE:SCHW)

Jacobs & Co. CA reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,637 shares of the financial services provider’s stock after selling 5,027 shares during the period. Charles Schwab makes up approximately 1.3% of Jacobs & Co. CA’s investment portfolio, making the stock its 26th biggest position. Jacobs & Co. CA’s holdings in Charles Schwab were worth $12,406,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SCHW. Franklin Resources Inc. boosted its stake in Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after buying an additional 3,157,923 shares in the last quarter. Darsana Capital Partners LP increased its holdings in shares of Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after buying an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock valued at $1,858,706,000 after acquiring an additional 1,711,312 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of Charles Schwab by 2,617.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after acquiring an additional 1,644,931 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Charles Schwab during the third quarter worth about $86,845,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This represents a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the completion of the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 118,968 shares of company stock worth $8,842,821 in the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.6 %

Charles Schwab stock traded down $0.42 during midday trading on Friday, hitting $72.58. 7,152,484 shares of the stock were exchanged, compared to its average volume of 7,847,499. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $129.17 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $59.67 and a 52-week high of $83.35. The business’s 50-day moving average price is $77.53 and its 200-day moving average price is $70.65.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. On average, research analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, November 8th. Charles Schwab’s payout ratio is 39.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SCHW shares. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Citigroup reduced their price target on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.69.

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.