Bank Julius Baer & Co. Ltd Zurich Sells 97,733 Shares of The Charles Schwab Co. (NYSE:SCHW)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,128 shares of the financial services provider’s stock after selling 97,733 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.05% of Charles Schwab worth $62,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. grew its holdings in Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after buying an additional 607 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Charles Schwab by 0.5% in the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after purchasing an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Charles Schwab by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after purchasing an additional 166,316 shares in the last quarter. Wright Investors Service Inc. grew its holdings in shares of Charles Schwab by 9.3% in the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after purchasing an additional 4,001 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Charles Schwab by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after purchasing an additional 160,719 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the transaction, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Charles R. Schwab sold 89,275 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the transaction, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The disclosure for this sale can be found here. Insiders have sold a total of 389,167 shares of company stock worth $26,987,035 over the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

NYSE SCHW traded down $0.33 during trading hours on Thursday, reaching $74.86. The stock had a trading volume of 6,374,160 shares, compared to its average volume of 7,758,854. The stock has a fifty day moving average of $69.27 and a 200 day moving average of $63.60. The stock has a market cap of $132.96 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $75.55. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SCHW. Bank of America raised their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Barclays lifted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, TD Cowen lifted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.47.

About Charles Schwab

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.