Charles Schwab Investment Management Inc. Has $517 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Charles Schwab Investment Management Inc. lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,514,548 shares of the financial services provider’s stock after acquiring an additional 197,504 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Charles Schwab were worth $517,001,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Charles Schwab in the fourth quarter worth $31,000. Hall Laurie J Trustee acquired a new position in Charles Schwab in the fourth quarter valued at about $34,000. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the third quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in Charles Schwab by 81.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after buying an additional 268 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 1.7 %

SCHW traded down $1.32 during trading on Tuesday, reaching $75.54. 7,336,819 shares of the stock traded hands, compared to its average volume of 7,602,173. The stock’s 50-day moving average is $71.20 and its 200 day moving average is $65.15. The Charles Schwab Co. has a 12 month low of $46.55 and a 12 month high of $77.05. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $134.16 billion, a PE ratio of 31.61, a P/E/G ratio of 1.11 and a beta of 0.98.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s payout ratio is currently 41.84%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SCHW shares. TD Cowen upped their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Bank of America raised their price objective 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.47.

Insider Buying and Selling at Charles Schwab

In related news, CFO Peter B. Crawford sold 8,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the transaction, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Peter B. Crawford sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the transaction, 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 document filed with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 71,226 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 514,459 shares of company stock valued at $36,371,155. 6.60% of the stock is currently owned by company insiders.

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.