The Charles Schwab Co. (NYSE:SCHW) Holdings Decreased by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,033,956 shares of the financial services provider's stock after selling 896,385 shares during the quarter. American Century Companies Inc. owned 0.17% of Charles Schwab worth $224,543,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SCHW. Principal Financial Group Inc. lifted its holdings in shares of Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider's stock valued at $432,536,000 after purchasing an additional 38,201 shares in the last quarter. United Bank lifted its stake in Charles Schwab by 13.0% in the 3rd quarter. United Bank now owns 11,352 shares of the financial services provider's stock valued at $736,000 after buying an additional 1,309 shares in the last quarter. Quest Partners LLC acquired a new stake in Charles Schwab during the 3rd quarter valued at $270,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab during the third quarter worth $31,000. Finally, King Luther Capital Management Corp raised its holdings in shares of Charles Schwab by 2.2% in the third quarter. King Luther Capital Management Corp now owns 27,064 shares of the financial services provider's stock worth $1,754,000 after acquiring an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 0.6 %

NYSE SCHW traded down $0.51 during trading hours on Thursday, hitting $79.63. The company had a trading volume of 5,810,419 shares, compared to its average volume of 8,447,325. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a market capitalization of $144.42 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 0.99 and a beta of 0.98. The firm's 50 day moving average is $79.44 and its 200 day moving average is $75.14.

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Charles Schwab (NYSE:SCHW - Get Free Report) last released 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 return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter in the prior year, the business earned $0.68 EPS. Charles Schwab's quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 1.36%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now directly owns 57,818 shares of the company's stock, valued at $4,586,123.76. This represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold a total of 509,701 shares of company stock valued at $41,641,353 in the last ninety days. Insiders own 6.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SCHW shares. Morgan Stanley upped their target price on shares of Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. raised 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. Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Redburn Partners decreased their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a report on Friday, January 17th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.33.

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.