The Charles Schwab Co. (NYSE:SCHW) Shares Sold by West Family Investments Inc.

West Family Investments Inc. lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,818 shares of the financial services provider’s stock after selling 317 shares during the period. West Family Investments Inc.’s holdings in Charles Schwab were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its stake in Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Charles Schwab by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after purchasing an additional 296,317 shares during the last quarter. Invesco Ltd. grew its stake in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after purchasing an additional 502,304 shares during the last quarter. Northern Trust Corp grew its stake in shares of Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock valued at $853,721,000 after purchasing an additional 356,112 shares during the last quarter. Finally, Bamco Inc. NY grew its stake in shares of Charles Schwab by 0.5% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.3 %

Charles Schwab stock traded up $0.19 during trading on Thursday, hitting $74.76. The company’s stock had a trading volume of 2,598,875 shares, compared to its average volume of 7,626,482. The stock has a market capitalization of $132.78 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 1.08 and a beta of 0.98. The stock’s fifty day moving average is $70.30 and its 200 day moving average is $64.40. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders 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 yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $74.78, for a total value of $4,479,770.68. Following the completion of the sale, the chairman now directly owns 61,038,701 shares of the company’s stock, valued at approximately $4,564,474,060.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 514,459 shares of company stock valued at $36,371,155. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SCHW. Barclays lifted their target price 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. Raymond James decreased their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Citigroup lifted their price target on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Bank of America lifted their price objective on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus 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.