The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Oak Associates Ltd. OH

Oak Associates Ltd. OH cut its position in The Charles Schwab Co. (NYSE:SCHW) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 467,593 shares of the financial services provider’s stock after selling 3,247 shares during the quarter. Charles Schwab comprises 2.3% of Oak Associates Ltd. OH’s holdings, making the stock its 14th biggest position. Oak Associates Ltd. OH’s holdings in Charles Schwab were worth $34,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Charles Schwab by 33.4% in 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 acquiring an additional 17,369,091 shares during the period. Norges Bank bought a new position in shares of Charles Schwab in the fourth quarter worth $950,192,000. Morningstar Investment Services LLC increased its holdings in shares of Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after purchasing an additional 2,322,156 shares during the period. Franklin Resources Inc. raised its stake in shares of Charles Schwab by 19.7% during the fourth quarter. Franklin Resources Inc. now owns 9,472,698 shares of the financial services provider’s stock valued at $651,722,000 after purchasing an additional 1,558,975 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in Charles Schwab by 28,736.1% in the first quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after purchasing an additional 1,480,485 shares during the period. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SCHW. Wells Fargo & Company initiated coverage on shares of Charles Schwab in a research report on Thursday. They set an “equal weight” rating and a $70.00 price target on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research report on Thursday, August 22nd. Bank of America decreased their price target on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Jefferies Financial Group boosted their price objective on Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Finally, UBS Group decreased their target price on Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $73.75.

Charles Schwab Price Performance

SCHW stock opened at $62.12 on Friday. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The firm has a 50-day moving average of $65.33 and a two-hundred day moving average of $70.04. The firm has a market capitalization of $110.48 billion, a PE ratio of 25.99, a P/E/G ratio of 1.19 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts forecast that The Charles Schwab Co. will post 3.05 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.61%. Charles Schwab’s dividend payout ratio is 41.84%.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the sale, the director now directly owns 562,129 shares in the company, valued at approximately $36,594,597.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the sale, the director now directly owns 562,129 shares in the company, valued at $36,594,597.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Walter W. Bettinger bought 25,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was bought at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the transaction, the chief executive officer now owns 827,377 shares in the company, valued at $54,822,000.02. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 99,636 shares of company stock valued at $6,533,064. Company 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.