Tiaa Fsb trimmed its position in shares of The Charles Schwab Co. (NYSE: SCHW – Get Rating) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,046 shares of the financial services provider’s stock after selling 421 shares during the quarter. Tiaa Fsb’s holdings in Charles Schwab were worth $ 2,365,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Cetera Advisor Networks LLC lifted its position in shares of Charles Schwab by 11.7% in the third quarter. Cetera Advisor Networks LLC now owns 18,109 shares of the financial services provider’s stock valued at $ 1,319,000 after acquiring an additional 1,896 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Charles Schwab by 7.4% in the third quarter. Cetera Advisors LLC now owns 5,556 shares of the financial services provider’s stock valued at $ 405,000 after acquiring an additional 383 shares in the last quarter. Colony Group LLC lifted its position in shares of Charles Schwab by 1.1% in the third quarter. Colony Group LLC now owns 17,151 shares of the financial services provider’s stock valued at $ 1,249,000 after acquiring an additional 181 shares in the last quarter. Studio Investment Management LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at $ 426,000. Finally, National Pension Service lifted its position in shares of Charles Schwab by 0.8% in the third quarter. National Pension Service now owns 2,080,148 shares of the financial services provider’s stock valued at $ 151,518,000 after acquiring an additional 16,509 shares in the last quarter. Institutional investors own 87.13% of the company stock.
SCHW has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Charles Schwab in a research note on Tuesday, April 26th. They issued a “neutral” rating and a $ 75.00 target price for the company. JPMorgan Chase & Co. dropped their target price on Charles Schwab from $ 107.00 to $ 101.00 in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Charles Schwab from $ 98.00 to $ 84.00 in a research note on Thursday, May 19th. Jefferies Financial Group dropped their target price on Charles Schwab to $ 95.00 in a research note on Friday, April 22nd. Finally, Redburn Partners initiated coverage on Charles Schwab in a research note on Thursday. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and a consensus target price of $ 93.21.
In other Charles Schwab news, EVP Jonathan M. Craig sold 4,016 shares of the stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $ 80.02, for a total transaction of $ 321,360.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Walter W. Bettinger bought 36,640 shares of Charles Schwab stock in a transaction on Monday, April 25th. The shares were purchased at an average cost of $ 69.49 per share, for a total transaction of $ 2,546,113.60. Following the acquisition, the chief executive officer now owns 329,265 shares in the company, valued at $ 22,880,624.85. The disclosure for this purchase can be found here. Insiders purchased 104,169 shares of company stock valued at $ 7,081,708 in the last three months. 7.50% of the stock is currently owned by company insiders.
SCHW stock opened at $ 64.43 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.44 and a current ratio of 0.44. The Charles Schwab Co. has a 1 year low of $ 59.35 and a 1 year high of $ 96.24. The firm has a market cap of $ 117.07 billion, a P / E ratio of 23.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09. The stock has a 50-day simple moving average of $ 66.65 and a 200-day simple moving average of $ 79.53.
Charles Schwab (NYSE: SCHW – Get Rating) last issued its quarterly earnings results on Monday, April 18th. The financial services provider reported $ 0.77 EPS for the quarter, missing analysts’ consensus estimates of $ 0.85 by ($ 0.08). The business had revenue of $ 4.67 billion during the quarter, compared to analysts’ expectations of $ 4.82 billion. Charles Schwab had a net margin of 31.24% and a return on equity of 14.42%. The company revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $ 0.84 EPS. On average, equities research analysts predict that The Charles Schwab Co. will post 3.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Friday, May 13th were issued a $ 0.20 dividend. This represents a $ 0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 12th. Charles Schwab’s dividend payout ratio is currently 28.99%.
Charles Schwab Profile: (Get Rating)
The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.
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