Robeco Institutional Asset Management B.V. grew its stake in Charles Schwab Co. (NYSE:SCHW) by 36.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 441,039 shares of the financial services provider’s stock after acquiring an additional 117,504 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Charles Schwab were worth $23,031,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Atria Investments LLC raised its stake in shares of Charles Schwab by 11.8% in the fourth quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock worth $930,000 after purchasing an additional 1,907 shares during the last quarter. BLB&B Advisors LLC purchased a new position in shares of Charles Schwab in the fourth quarter worth $220,000. Liberty Capital Management Inc. raised its stake in shares of Charles Schwab by 359.8% in the fourth quarter. Liberty Capital Management Inc. now owns 11,830 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 9,257 shares during the last quarter. CWM LLC raised its stake in shares of Charles Schwab by 16.2% in the fourth quarter. CWM LLC now owns 71,725 shares of the financial services provider’s stock worth $3,685,000 after purchasing an additional 9,973 shares during the last quarter. Finally, Knowledge Leaders Capital LLC purchased a new position in shares of Charles Schwab in the fourth quarter worth $4,902,000. 80.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of SCHW opened at $59.46 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $80.22 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.13 and a beta of 1.56. Charles Schwab Co. has a 52 week low of $37.63 and a 52 week high of $59.94.
Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 16th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Charles Schwab had a return on equity of 16.84% and a net margin of 28.80%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. research analysts anticipate that Charles Schwab Co. will post 2.42 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, May 10th. Charles Schwab’s payout ratio is 24.39%.
SCHW has been the subject of several recent analyst reports. Citigroup restated a “neutral” rating on shares of Charles Schwab in a research note on Friday, January 19th. Morgan Stanley reduced their price objective on Charles Schwab from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Wednesday, April 25th. Credit Suisse Group reduced their price objective on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Zacks Investment Research cut Charles Schwab from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Deutsche Bank reduced their price objective on Charles Schwab from $55.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, April 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.53.
In other Charles Schwab news, Chairman Charles R. Schwab sold 74,450 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $52.17, for a total value of $3,884,056.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan M. Craig sold 5,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $58.01, for a total value of $290,050.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,920,951 shares of company stock valued at $107,258,666. Company insiders own 11.50% of the company’s stock.
About Charles Schwab
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
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