The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,207 shares of the financial services provider’s stock after buying an additional 3,278 shares during the period. Motley Fool Asset Management LLC’s holdings in Charles Schwab were worth $3,454,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SCHW. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab in the third quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $31,000. BluePath Capital Management LLC acquired a new position in shares of Charles Schwab in the third quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Charles R. Schwab sold 89,275 shares of the firm’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 value of $6,661,700.50. Following the sale, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the sale, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 389,167 shares of company stock worth $26,987,035. 6.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SCHW shares. Citigroup boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. TD Cowen lifted their price target on Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, Barclays lifted their price target on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Trading Down 0.4 %

NYSE:SCHW traded down $0.33 on Thursday, hitting $74.86. 6,374,160 shares of the stock were exchanged, compared to its average volume of 7,758,854. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average of $69.47 and a 200-day moving average of $63.68. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55. The stock has a market cap of $132.96 billion, a PE ratio of 31.32, a PEG ratio of 1.10 and a beta of 1.01.

Charles Schwab Dividend Announcement

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

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.