Robertson Stephens Wealth Management LLC Lowers Stake in The Charles Schwab Co. (NYSE:SCHW)

Robertson Stephens Wealth Management LLC trimmed its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 43.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,088 shares of the financial services provider's stock after selling 6,166 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Charles Schwab were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Choreo LLC increased its position in Charles Schwab by 5.2% in the 4th quarter. Choreo LLC now owns 123,458 shares of the financial services provider's stock valued at $9,128,000 after acquiring an additional 6,047 shares during the period. Confluence Wealth Services Inc. acquired a new position in Charles Schwab in the 4th quarter valued at approximately $236,000. Mirae Asset Global Investments Co. Ltd. increased its position in Charles Schwab by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,500 shares of the financial services provider's stock valued at $16,179,000 after acquiring an additional 7,746 shares during the period. Jericho Financial LLP acquired a new position in Charles Schwab in the 4th quarter valued at approximately $781,000. Finally, Y.D. More Investments Ltd increased its position in Charles Schwab by 122.3% in the 4th quarter. Y.D. More Investments Ltd now owns 1,845 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 1,015 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,514 shares of company stock valued at $3,859,731. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SCHW has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Cowen increased their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. UBS Group increased their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. StockNews.com raised shares of Charles Schwab from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Finally, Bank of America cut their target price on shares of Charles Schwab from $63.00 to $61.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $84.56.

Charles Schwab Trading Up 2.9 %

Shares of Charles Schwab stock traded up $2.34 during trading on Tuesday, reaching $83.51. The company's stock had a trading volume of 59,325,916 shares, compared to its average volume of 10,591,033. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The company has a market cap of $148.61 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.02 and a beta of 0.99. The firm's 50-day moving average is $77.99 and its two-hundred day moving average is $71.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the business posted $0.68 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.29%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab's dividend payout ratio is 33.44%.

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.