California Public Employees Retirement System Decreases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

California Public Employees Retirement System reduced its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,836,381 shares of the financial services provider's stock after selling 139,010 shares during the quarter. California Public Employees Retirement System owned 0.16% of Charles Schwab worth $209,921,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after buying an additional 1,187,384 shares in the last quarter. State Street Corp boosted its position in shares of Charles Schwab by 0.7% during the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider's stock worth $4,023,175,000 after purchasing an additional 414,949 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Charles Schwab by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider's stock valued at $1,945,614,000 after purchasing an additional 445,304 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after buying an additional 3,157,923 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Charles Schwab by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock valued at $1,513,894,000 after buying an additional 265,708 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Jefferies Financial Group increased their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Finally, UBS Group increased their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of "Moderate Buy" and an average target price of $87.28.

Charles Schwab Trading Up 1.3 %

Shares of NYSE SCHW traded up $1.00 on Wednesday, reaching $78.67. 8,868,743 shares of the company traded hands, compared to its average volume of 8,890,518. The company has a 50 day moving average of $79.52 and a 200 day moving average of $75.67. 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 Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The stock has a market capitalization of $142.67 billion, a PE ratio of 26.31, a P/E/G ratio of 0.99 and a beta of 0.98.

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

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.37%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the 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 completion of the sale, the chairman now owns 827,377 shares of the company's stock, valued at $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul V. Woolway sold 8,614 shares of Charles Schwab stock in a transaction on Monday, March 24th. The shares were sold at an average price of $80.00, for a total transaction of $689,120.00. Following the transaction, the insider now owns 49,204 shares in the company, valued at $3,936,320. The trade was a 14.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 509,701 shares of company stock valued at $41,641,353. Company insiders own 6.60% of the company's stock.

Charles Schwab Company 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.