3,825 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP bought a new position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,825 shares of the financial services provider’s stock, valued at approximately $263,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp boosted its holdings in shares of Charles Schwab by 0.7% during the 2nd quarter. State Street Corp now owns 60,391,016 shares of the financial services provider’s stock worth $3,422,963,000 after buying an additional 398,367 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after purchasing an additional 6,195,934 shares during the period. Geode Capital Management LLC boosted its holdings in Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after purchasing an additional 391,238 shares during the period. Morgan Stanley boosted its holdings in Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after purchasing an additional 8,563,389 shares during the period. Finally, Norges Bank bought a new stake in Charles Schwab in the 4th quarter valued at about $1,325,555,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SCHW shares. JMP Securities reissued a “market outperform” rating and issued a $77.00 price objective on shares of Charles Schwab in a report on Thursday, January 18th. Citigroup cut shares of Charles Schwab from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $70.00 in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $75.00 to $70.00 in a research report on Thursday, January 18th. UBS Group boosted their target price on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.12.

View Our Latest Stock Report on SCHW

Charles Schwab Trading Down 0.1 %

NYSE:SCHW opened at $71.42 on Thursday. The firm’s fifty day moving average is $66.46 and its 200-day moving average is $61.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $72.94. The firm has a market cap of $126.66 billion, a P/E ratio of 28.12, a P/E/G ratio of 1.37 and a beta of 1.01.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. Equities analysts expect that The Charles Schwab Co. will post 3.36 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio is presently 39.37%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock valued at $14,200,769 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Profile

(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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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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