Chapman Investment Management LLC Sells 11,064 Shares of The Charles Schwab Co. (NYSE:SCHW)

Chapman Investment Management LLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 19.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,442 shares of the financial services provider’s stock after selling 11,064 shares during the period. Charles Schwab accounts for about 2.5% of Chapman Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. Chapman Investment Management LLC’s holdings in Charles Schwab were worth $3,275,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Morningstar Investment Services LLC boosted its holdings in Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after buying an additional 2,322,156 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Charles Schwab by 24.3% in the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after buying an additional 857,734 shares in the last quarter. M&G Plc bought a new position in shares of Charles Schwab during the 1st quarter valued at about $11,452,000. Franklin Resources Inc. grew its position in shares of Charles Schwab by 19.7% in the 4th quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock valued at $651,722,000 after purchasing an additional 1,558,975 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Charles Schwab by 10.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider’s stock worth $13,788,000 after purchasing an additional 17,925 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Charles Schwab news, insider Bernard J. Clark sold 8,164 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total transaction of $612,300.00. Following the completion of the sale, the insider now owns 121,666 shares of the company’s stock, valued at approximately $9,124,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bernard J. Clark sold 8,164 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the sale, the insider now owns 121,666 shares of the company’s stock, valued at $9,124,950. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,800 shares of company stock valued at $7,145,364. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $62.90 on Monday. The firm has a market capitalization of $111.86 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average price is $66.44 and its two-hundred day moving average price is $70.15. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The company had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the firm earned $0.75 EPS. Charles Schwab’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that The Charles Schwab Co. will post 3.05 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.59%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research analyst reports. Bank of America dropped their price objective on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating on the stock in a report on Wednesday, July 17th. TD Cowen reissued a “hold” rating and issued a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Piper Sandler cut Charles Schwab from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $64.00 in a research report on Monday, July 29th. Jefferies Financial Group lifted their target price on Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, Barclays reduced their price target on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.00.

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.