The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,257,353 shares of the financial services provider’s stock after selling 161,324 shares during the quarter. Ninety One UK Ltd owned 0.07% of Charles Schwab worth $93,057,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Czech National Bank lifted its holdings in Charles Schwab by 7.0% in the third quarter. Czech National Bank now owns 304,322 shares of the financial services provider’s stock worth $19,723,000 after acquiring an additional 19,833 shares during the last quarter. MBM Wealth Consultants LLC grew its stake in Charles Schwab by 10.4% during the 3rd quarter. MBM Wealth Consultants LLC now owns 17,052 shares of the financial services provider’s stock worth $1,105,000 after buying an additional 1,607 shares during the last quarter. Tealwood Asset Management Inc. acquired a new stake in Charles Schwab in the third quarter worth $1,669,000. Brookstone Capital Management lifted its stake in Charles Schwab by 5.2% in the third quarter. Brookstone Capital Management now owns 8,468 shares of the financial services provider’s stock valued at $549,000 after buying an additional 422 shares during the last quarter. Finally, Talbot Financial LLC boosted its holdings in shares of Charles Schwab by 6.4% during the third quarter. Talbot Financial LLC now owns 163,640 shares of the financial services provider’s stock valued at $10,605,000 after acquiring an additional 9,906 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SCHW shares. Jefferies Financial Group increased their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Cowen increased their price objective on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.11.

Insiders Place Their Bets

In related news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,014 shares of company stock worth $4,052,281. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $81.90 on Wednesday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.84. The stock has a market capitalization of $145.75 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.01 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $77.99 and its 200 day simple moving average is $71.36.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

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.