The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,820 shares of the financial services provider’s stock after selling 4,480 shares during the quarter. Charles Schwab makes up about 2.2% of Kampmann Melissa S.’s investment portfolio, making the stock its 24th largest holding. Kampmann Melissa S.’s holdings in Charles Schwab were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in shares of Charles Schwab during the third quarter worth approximately $31,000. Atala Financial Inc acquired a new position in Charles Schwab in the fourth quarter worth $41,000. Knuff & Co LLC boosted its holdings in Charles Schwab by 1,309.3% in the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 563 shares during the period. Financial Life Planners acquired a new position in Charles Schwab in the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SCHW. UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.33.

Insiders Place Their Bets

In related news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This represents a 17.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $78.72 on Thursday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm’s 50-day simple moving average is $78.76 and its 200 day simple moving average is $74.60. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $142.76 billion, a P/E ratio of 26.33, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the business earned $0.68 earnings per share. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.37%. Charles Schwab’s payout ratio is 36.12%.

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.