The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Biechele Royce Advisors

Biechele Royce Advisors boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 173,003 shares of the financial services provider’s stock after purchasing an additional 7,085 shares during the period. Charles Schwab accounts for 4.2% of Biechele Royce Advisors’ investment portfolio, making the stock its 11th biggest holding. Biechele Royce Advisors’ holdings in Charles Schwab were worth $12,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Price T Rowe Associates Inc. MD boosted its stake in shares of Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after buying an additional 17,369,091 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after buying an additional 1,219,015 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after buying an additional 296,317 shares during the period. Norges Bank acquired a new stake in shares of Charles Schwab during the 4th quarter valued at $950,192,000. Finally, Putnam Investments LLC boosted its stake in shares of Charles Schwab by 4.8% during the 4th quarter. Putnam Investments LLC now owns 12,237,705 shares of the financial services provider’s stock valued at $841,954,000 after buying an additional 560,110 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $72.49, for a total value of $652,410.00. Following the transaction, the director now directly owns 570,657 shares in the company, valued at $41,366,925.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Charles Schwab news, insider Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the sale, the insider now owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total transaction of $652,410.00. Following the sale, the director now directly owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The disclosure for this sale can be found here. Insiders have sold a total of 658,663 shares of company stock valued at $48,997,146 over the last quarter. 6.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SCHW shares. Barclays lifted their target price on shares of Charles Schwab from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group reduced their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, May 28th. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus target price of $77.75.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $1.44 on Thursday, hitting $76.07. 5,796,036 shares of the company were exchanged, compared to its average volume of 7,181,804. The company’s 50 day moving average price is $74.29 and its two-hundred day moving average price is $70.09. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $135.20 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.13 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Research analysts expect that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Charles Schwab’s payout ratio is currently 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.