Yacktman Asset Management LP Sells 39,752 Shares of The Charles Schwab Co. (NYSE:SCHW)

Yacktman Asset Management LP lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,316,361 shares of the financial services provider’s stock after selling 39,752 shares during the quarter. Charles Schwab makes up about 4.0% of Yacktman Asset Management LP’s holdings, making the stock its 5th largest position. Yacktman Asset Management LP owned 0.36% of Charles Schwab worth $434,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SCHW. Courier Capital LLC increased its position in shares of Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after purchasing an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Red Spruce Capital LLC increased its stake in Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after purchasing an additional 172 shares during the period. Uncommon Cents Investing LLC raised its holdings in shares of Charles Schwab by 1.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 175 shares during the last quarter. Finally, Diligent Investors LLC grew its holdings in shares of Charles Schwab by 3.0% during the fourth quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock worth $410,000 after buying an additional 176 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction 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 completion of the transaction, the chairman now owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 89,275 shares of the business’s stock in a transaction 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 $2,286,504,622.22. 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. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Up 0.2 %

Shares of NYSE:SCHW traded up $0.13 during midday trading on Friday, hitting $75.02. 3,333,508 shares of the company’s stock traded hands, compared to its average volume of 7,702,554. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55. The firm’s fifty day moving average price is $69.47 and its two-hundred day moving average price is $63.68. The company has a market cap of $133.24 billion, a PE ratio of 31.25, a P/E/G ratio of 1.10 and a beta of 1.01.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors 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 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Ratings Changes

Several research firms have recently commented on SCHW. JPMorgan Chase & Co. raised their target price 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. JMP Securities reiterated a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Barclays raised their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.47.

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.