The Charles Schwab Co. (NYSE:SCHW) Shares Sold by American Trust

American Trust decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 3.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 58,728 shares of the financial services provider’s stock after selling 1,969 shares during the period. American Trust’s holdings in Charles Schwab were worth $4,248,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHW. Vanguard Group Inc. raised its position in shares of Charles Schwab by 0.9% during the first quarter. Vanguard Group Inc. now owns 120,963,133 shares of the financial services provider’s stock worth $8,750,473,000 after purchasing an additional 1,042,823 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Charles Schwab by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock worth $5,230,657,000 after purchasing an additional 2,946,327 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Charles Schwab by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after purchasing an additional 1,219,015 shares during the period. Fisher Asset Management LLC raised its position in shares of Charles Schwab by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after purchasing an additional 296,317 shares during the period. Finally, Norges Bank acquired a new stake in shares of Charles Schwab during the fourth quarter worth $950,192,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the sale, the insider now owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. The disclosure for this sale can be found here. Insiders have sold 352,489 shares of company stock valued at $25,598,796 in the last 90 days. 6.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Charles Schwab from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Bank of America reduced their price objective on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Jefferies Financial Group increased their price objective on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. JPMorgan Chase & Co. reduced their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Finally, UBS Group reduced their price objective on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.27.

Charles Schwab Stock Down 0.5 %

Shares of NYSE SCHW traded down $0.32 during mid-day trading on Friday, reaching $63.39. 10,258,521 shares of the company traded hands, compared to its average volume of 12,778,258. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $112.66 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The company’s fifty day moving average is $70.99 and its two-hundred day moving average is $70.00. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.65% and a net margin of 26.30%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, analysts expect that The Charles Schwab Co. will post 3.09 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

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.