The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Chapman Investment Management LLC

Chapman Investment Management LLC lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,039 shares of the financial services provider’s stock after selling 3,830 shares during the period. Charles Schwab accounts for approximately 3.0% of Chapman Investment Management LLC’s investment portfolio, making the stock its 15th biggest position. Chapman Investment Management LLC’s holdings in Charles Schwab were worth $3,924,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Investment Research & Advisory Group Inc. grew its stake in Charles Schwab by 1.0% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock valued at $4,058,000 after acquiring an additional 607 shares in the last quarter. Bamco Inc. NY grew its stake in Charles Schwab by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after acquiring an additional 42,588 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Charles Schwab by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock valued at $30,287,000 after acquiring an additional 166,316 shares in the last quarter. Wright Investors Service Inc. grew its stake in Charles Schwab by 9.3% during the 4th quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock valued at $3,245,000 after acquiring an additional 4,001 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock valued at $60,776,000 after acquiring an additional 160,719 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 5,481 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,573,414.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold a total of 394,648 shares of company stock worth $27,400,905 in the last ninety days. 6.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCHW. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Raymond James dropped their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Finally, TD Cowen increased their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Stock Up 0.1 %

Charles Schwab stock traded up $0.10 during mid-day trading on Friday, reaching $74.99. 5,560,677 shares of the company’s stock were exchanged, compared to its average volume of 7,173,721. The company has a market cap of $133.19 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average of $69.68 and a 200-day moving average of $63.84.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

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.