Amundi Decreases Stake in The Charles Schwab Co. (NYSE:SCHW)

Amundi lessened its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,651,557 shares of the financial services provider's stock after selling 1,434,301 shares during the period. Amundi owned about 0.26% of Charles Schwab worth $339,565,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Naviter Wealth LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at $514,000. AMF Tjanstepension AB raised its position in Charles Schwab by 22.3% in the fourth quarter. AMF Tjanstepension AB now owns 257,730 shares of the financial services provider's stock valued at $19,080,000 after purchasing an additional 47,021 shares during the last quarter. Banco Santander S.A. raised its position in Charles Schwab by 49.6% in the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider's stock valued at $1,208,000 after purchasing an additional 5,413 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Charles Schwab by 7.9% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,938,786 shares of the financial services provider's stock worth $152,394,000 after purchasing an additional 141,254 shares during the last quarter. Finally, Machina Capital S.A.S. grew its holdings in shares of Charles Schwab by 300.8% during the fourth quarter. Machina Capital S.A.S. now owns 23,384 shares of the financial services provider's stock worth $1,731,000 after purchasing an additional 17,549 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

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Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares of the company's stock, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Up 2.5 %

NYSE SCHW traded up $1.82 during trading hours on Wednesday, hitting $74.29. The company's stock had a trading volume of 11,310,499 shares, compared to its average volume of 12,262,797. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company's 50-day simple moving average is $78.42 and its two-hundred day simple moving average is $74.16. The company has a market capitalization of $134.72 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Charles Schwab's quarterly revenue was up 19.5% on a year-over-year basis. Research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.27 per share. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Analysts Set New Price Targets

Several brokerages have issued reports on SCHW. Morgan Stanley upped their price target on shares of Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Redburn Partners reduced their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. UBS Group raised their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of "Hold" and a consensus target price of $86.33.

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.