North Peak Capital Management LLC Has $137.50 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

North Peak Capital Management LLC lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,857,896 shares of the financial services provider’s stock after selling 39,259 shares during the quarter. Charles Schwab makes up approximately 18.2% of North Peak Capital Management LLC’s portfolio, making the stock its 2nd largest holding. North Peak Capital Management LLC owned 0.10% of Charles Schwab worth $137,503,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab in the 4th quarter worth approximately $38,000. Atala Financial Inc bought a new position in shares of Charles Schwab in the fourth quarter valued at approximately $41,000. Knuff & Co LLC lifted its stake in shares of 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 buying an additional 563 shares during the last quarter. Financial Life Planners bought a new stake in shares of Charles Schwab during the 4th quarter worth $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the 4th quarter valued at $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now owns 45,824 shares in the company, valued at approximately $3,548,152.32. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock worth $41,903,066 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Morgan Stanley raised Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price target on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.44.

Charles Schwab Trading Up 1.1 %

SCHW stock opened at $76.52 on Friday. 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 business’s 50 day moving average is $77.16 and its 200-day moving average is $76.49. The firm has a market cap of $138.77 billion, a P/E ratio of 25.59, a P/E/G ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the business posted $0.74 earnings per share. Equities analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. 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 1.41%. The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

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.