The Charles Schwab Co. (NYSE:SCHW) Holdings Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in The Charles Schwab Co. (NYSE:SCHW) by 18.7% in the first quarter, HoldingsChannel reports. The firm owned 23,745 shares of the financial services provider’s stock after selling 5,449 shares during the period. Advisors Asset Management Inc.’s holdings in Charles Schwab were worth $1,718,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Delta Global Management LP boosted its holdings in shares of Charles Schwab by 189.9% in the first quarter. Delta Global Management LP now owns 161,052 shares of the financial services provider’s stock worth $11,651,000 after buying an additional 105,493 shares during the period. Delap Wealth Advisory LLC purchased a new stake in shares of Charles Schwab in the 1st quarter valued at approximately $325,000. LGT Group Foundation boosted its stake in Charles Schwab by 4.6% in the 1st quarter. LGT Group Foundation now owns 12,361 shares of the financial services provider’s stock worth $894,000 after purchasing an additional 545 shares during the period. Titan Global Capital Management USA LLC boosted its stake in Charles Schwab by 1.9% in the 1st quarter. Titan Global Capital Management USA LLC now owns 305,556 shares of the financial services provider’s stock worth $22,104,000 after purchasing an additional 5,643 shares during the period. Finally, Burns Matteson Capital Management LLC grew its position in Charles Schwab by 18.2% during the 1st quarter. Burns Matteson Capital Management LLC now owns 15,384 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 2,370 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $66.60 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $118.37 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.24 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The company has a 50 day moving average price of $72.09 and a two-hundred day moving average price of $70.03.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. Charles Schwab’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. As a group, equities analysts predict that The Charles Schwab Co. will post 3.09 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of research analyst reports. UBS Group reduced their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Morgan Stanley reduced their price objective on Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. JPMorgan Chase & Co. decreased their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charles Schwab from $84.00 to $79.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus target price of $75.20.

Insider Activity

In related news, CEO Walter W. Bettinger bought 25,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the acquisition, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the sale, the director now directly owns 567,057 shares of the company’s stock, valued at $35,134,851.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Walter W. Bettinger acquired 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were acquired at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the transaction, the chief executive officer now directly owns 827,377 shares in the company, valued at approximately $54,822,000.02. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 410,084 shares of company stock valued at $30,616,734. Insiders own 6.60% of the company’s stock.

Charles Schwab Company Profile

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.