Global Endowment Management LP decreased its position in shares of Charles Schwab Corp (NYSE:SCHW) by 46.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,420 shares of the financial services provider’s stock after selling 15,300 shares during the period. Global Endowment Management LP’s holdings in Charles Schwab were worth $895,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Bogart Wealth LLC increased its holdings in shares of Charles Schwab by 1,100.0% in the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,870 shares in the last quarter. Zions Bancorporation increased its holdings in shares of Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after buying an additional 3,585 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Charles Schwab in the fourth quarter valued at $187,000. Lourd Capital LLC bought a new position in shares of Charles Schwab in the fourth quarter valued at $208,000. Finally, Fiduciary Trust Co. bought a new position in shares of Charles Schwab in the fourth quarter valued at $208,000. 80.45% of the stock is currently owned by hedge funds and other institutional investors.
Charles Schwab Corp (NYSE:SCHW) opened at $52.74 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. Charles Schwab Corp has a fifty-two week low of $37.16 and a fifty-two week high of $56.25. The company has a market cap of $70,056.98, a price-to-earnings ratio of 32.76, a PEG ratio of 1.28 and a beta of 1.63.
Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $0.36 EPS. Charles Schwab’s revenue was up 13.7% on a year-over-year basis. sell-side analysts predict that Charles Schwab Corp will post 2.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.10 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is currently 24.84%.
In other news, insider Marie A. Chandoha sold 56,327 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $45.86, for a total transaction of $2,583,156.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 74,450 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $52.17, for a total transaction of $3,884,056.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,723,394 shares of company stock worth $89,004,177. 12.00% of the stock is currently owned by corporate insiders.
Several research analysts have issued reports on SCHW shares. Citigroup reaffirmed a “neutral” rating on shares of Charles Schwab in a report on Friday, January 19th. Credit Suisse Group lowered their price objective on shares of Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Nomura reiterated a “neutral” rating and set a $54.00 price objective (up from $50.00) on shares of Charles Schwab in a research report on Thursday, January 18th. SunTrust Banks reiterated a “buy” rating and set a $63.00 price objective (up from $56.00) on shares of Charles Schwab in a research report on Tuesday, December 26th. Finally, JMP Securities cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Charles Schwab presently has an average rating of “Buy” and an average target price of $53.88.
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About Charles Schwab
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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