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

Greenleaf Trust decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 30,869 shares of the financial services provider’s stock after selling 1,741 shares during the period. Greenleaf Trust’s holdings in Charles Schwab were worth $2,124,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Charles Schwab during the 4th quarter valued at about $1,325,555,000. Morgan Stanley increased its holdings in Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after buying an additional 8,563,389 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares during the period. Moneta Group Investment Advisors LLC raised its position in Charles Schwab by 91,051.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock worth $446,706,000 after buying an additional 5,359,307 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Charles Schwab by 186.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after acquiring an additional 4,624,302 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW traded up $0.49 during trading hours on Friday, hitting $73.42. 8,215,671 shares of the stock were exchanged, compared to its average volume of 6,908,559. The stock’s 50-day moving average price is $68.58 and its two-hundred day moving average price is $63.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $130.40 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $73.88.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. Research analysts expect that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Peter B. Crawford sold 4,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The disclosure for this sale can be found here. Insiders sold 312,800 shares of company stock worth $21,081,569 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. TD Cowen boosted their target price on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley raised their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.47.

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.