Sandhill Capital Partners LLC lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,216 shares of the financial services provider's stock after selling 184,149 shares during the quarter. Charles Schwab accounts for about 3.5% of Sandhill Capital Partners LLC's holdings, making the stock its 10th biggest holding. Sandhill Capital Partners LLC's holdings in Charles Schwab were worth $44,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the stock. Merit Financial Group LLC increased its holdings in Charles Schwab by 230.1% in the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock valued at $2,483,000 after purchasing an additional 23,383 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Charles Schwab by 2,840.7% in the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock valued at $398,000 after buying an additional 5,937 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock valued at $4,400,000 after buying an additional 21,377 shares in the last quarter. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Charles Schwab in the 4th quarter valued at $688,000. Finally, Golden State Equity Partners lifted its stake in Charles Schwab by 293.9% during the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock worth $903,000 after acquiring an additional 9,108 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Charles Schwab
In other news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares of the company's stock, valued at approximately $4,586,123.76. This represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 513,081 shares of company stock worth $41,903,066. 6.60% of the stock is owned by insiders.
Charles Schwab Stock Up 4.2 %
Shares of Charles Schwab stock traded up $3.12 during trading hours on Friday, hitting $76.97. The company had a trading volume of 14,847,290 shares, compared to its average volume of 9,287,524. 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 company's 50-day moving average is $77.77 and its two-hundred day moving average is $76.23. The company has a market cap of $139.59 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.
Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Charles Schwab's revenue for the quarter was up 19.5% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.40%. Charles Schwab's payout ratio is 36.12%.
Analyst Ratings Changes
A number of analysts have issued reports on SCHW shares. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Redburn Partners decreased their price target on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research report on Friday, January 17th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and boosted their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, JMP Securities reduced their price objective on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.
Get Our Latest Analysis on SCHW
About Charles Schwab
(
Free Report)
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.
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