Chevy Chase Trust Holdings LLC Has $59.01 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Chevy Chase Trust Holdings LLC reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 797,335 shares of the financial services provider's stock after selling 16,543 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Charles Schwab were worth $59,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Charles Schwab by 0.7% in 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 buying an additional 414,949 shares in the last quarter. Geode Capital Management LLC boosted its stake 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. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Charles Schwab by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider's stock valued at $1,308,485,000 after purchasing an additional 493,264 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SCHW shares. Wells Fargo & Company raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. UBS Group raised their price target on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays boosted their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group upped their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $84.56.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 502,859 shares of company stock valued at $41,161,496. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Down 1.5 %

NYSE SCHW traded down $1.25 on Monday, reaching $80.32. The company had a trading volume of 9,582,857 shares, compared to its average volume of 8,230,443. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $142.94 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The company's fifty day moving average is $78.03 and its 200-day moving average is $72.45. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. Charles Schwab's quarterly revenue was up 19.5% on a year-over-year basis. On average, research analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab's payout ratio is presently 33.44%.

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.