Mitsubishi UFJ Trust & Banking Corp Has $65.60 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 40.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 906,800 shares of the financial services provider's stock after selling 603,712 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Charles Schwab worth $65,598,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab in the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab in the 4th quarter worth about $31,000. Tributary Capital Management LLC acquired a new stake in Charles Schwab in the 1st quarter worth about $31,000. Glass Jacobson Investment Advisors llc boosted its stake 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 worth $41,000 after buying an additional 268 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in Charles Schwab in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SCHW shares. Barclays decreased their price target on Charles Schwab from $77.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Wednesday. JMP Securities reissued a "market outperform" rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods upgraded Charles Schwab from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $76.00 to $84.00 in a report on Monday, July 8th. Citigroup raised their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Finally, Bank of America cut their price objective on Charles Schwab from $72.00 to $66.00 and set an "underperform" rating on the stock in a report on Wednesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab currently has an average rating of "Hold" and a consensus price target of $75.07.

Charles Schwab Stock Down 0.3 %

Shares of NYSE:SCHW traded down $0.19 during mid-day trading on Friday, hitting $62.08. 14,768,627 shares of the company traded hands, compared to its average volume of 9,815,015. The firm has a market cap of $110.33 billion, a P/E ratio of 25.98, a PEG ratio of 1.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The firm's 50 day simple moving average is $73.30 and its 200 day simple moving average is $70.11.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the business earned $0.75 EPS. Charles Schwab's revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.09 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.61%. Charles Schwab's dividend payout ratio is presently 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the sale, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Peter B. Crawford sold 5,481 shares of Charles Schwab stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,573,414.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the transaction, the chairman now owns 30,641,981 shares of the company's stock, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold 555,745 shares of company stock worth $41,625,143 in the last three months. 6.60% of the stock is owned by insiders.

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.