Russell Investments Group Ltd. Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Russell Investments Group Ltd. decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,161,406 shares of the financial services provider’s stock after selling 15,380 shares during the period. Russell Investments Group Ltd. owned about 0.12% of Charles Schwab worth $148,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Wealth Partners LLC raised its stake in Charles Schwab by 20.5% in the 4th quarter. Private Wealth Partners LLC now owns 36,091 shares of the financial services provider’s stock valued at $2,483,000 after purchasing an additional 6,134 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Charles Schwab by 0.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 99,200 shares of the financial services provider’s stock worth $6,825,000 after acquiring an additional 328 shares during the last quarter. Golden State Equity Partners raised its holdings in Charles Schwab by 50.1% in the 4th quarter. Golden State Equity Partners now owns 19,111 shares of the financial services provider’s stock valued at $1,315,000 after acquiring an additional 6,383 shares during the last quarter. Markel Group Inc. grew its position in shares of Charles Schwab by 4.5% in the fourth quarter. Markel Group Inc. now owns 1,334,766 shares of the financial services provider’s stock valued at $91,832,000 after purchasing an additional 58,000 shares in the last quarter. Finally, Callan Capital LLC purchased a new position in Charles Schwab during the fourth quarter worth approximately $265,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.1 %

SCHW stock traded up $0.10 during midday trading on Friday, reaching $74.99. 5,560,677 shares of the company were exchanged, compared to its average volume of 7,173,721. 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 stock’s 50-day simple moving average is $69.68 and its 200 day simple moving average is $63.84. The company has a market cap of $133.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,573,414.17. 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 5,481 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were 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 in the company, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold 394,648 shares of company stock worth $27,400,905 in the last quarter. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Barclays increased 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 report on Tuesday, April 16th. Two research 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, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $74.47.

Charles Schwab 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.