The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its stake in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 452,607 shares of the financial services provider’s stock after acquiring an additional 33,035 shares during the period. Westwood Holdings Group Inc.’s holdings in Charles Schwab were worth $31,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at $28,000. Sugarloaf Wealth Management LLC grew its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab during the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab during the 4th quarter worth about $31,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.4 %

NYSE:SCHW traded down $0.32 on Friday, reaching $73.93. The stock had a trading volume of 5,371,097 shares, compared to its average volume of 6,860,721. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The stock has a market cap of $131.39 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 1.14 and a beta of 0.96. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $73.96 and a 200 day moving average of $68.37.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. On average, research analysts predict that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.35%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the transaction, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders have sold 655,476 shares of company stock worth $48,718,705 in the last ninety days. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. JPMorgan Chase & Co. dropped their price target on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. TD Cowen reduced their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, Citigroup increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average price target of $74.65.

Check Out Our Latest Report on Charles Schwab

About Charles Schwab

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWFree Report).

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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