The Charles Schwab Co. (NYSE:SCHW) Position Reduced by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC reduced its position in The Charles Schwab Co. (NYSE:SCHW) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,017,095 shares of the financial services provider’s stock after selling 4,517 shares during the period. Charles Schwab comprises approximately 1.4% of Clarkston Capital Partners LLC’s holdings, making the stock its 23rd largest position. Clarkston Capital Partners LLC owned approximately 0.06% of Charles Schwab worth $75,275,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SCHW. Vanguard Group Inc. raised its stake in Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock valued at $9,516,075,000 after purchasing an additional 1,187,384 shares during the period. Geode Capital Management LLC boosted its position in shares of Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock worth $2,279,742,000 after buying an additional 760,043 shares during the period. Franklin Resources Inc. raised its position in Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after buying an additional 3,157,923 shares during the period. Fisher Asset Management LLC lifted its stake in Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after acquiring an additional 265,708 shares in the last quarter. Finally, Norges Bank acquired a new stake in Charles Schwab during the 4th quarter worth about $1,289,544,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 over the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

NYSE:SCHW opened at $69.07 on Friday. The firm has a market capitalization of $125.26 billion, a PE ratio of 23.10, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $79.09 and its 200 day simple moving average is $75.81.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the business posted $0.68 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate 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. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays boosted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Morgan Stanley increased their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and boosted their target price for the company from $88.00 to $103.00 in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.94.

Charles Schwab 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.