The Charles Schwab Co. (NYSE:SCHW) Shares Sold by London Co. of Virginia

London Co. of Virginia decreased its stake in The Charles Schwab Co. (NYSE:SCHW) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,561,103 shares of the financial services provider’s stock after selling 224,055 shares during the quarter. Charles Schwab makes up 1.8% of London Co. of Virginia’s holdings, making the stock its 12th biggest position. London Co. of Virginia owned about 0.26% of Charles Schwab worth $337,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SCHW. Murphy & Mullick Capital Management Corp purchased a new position in shares of Charles Schwab in the fourth quarter worth about $38,000. Atala Financial Inc purchased a new position in shares of Charles Schwab in the fourth quarter worth about $41,000. Knuff & Co LLC raised its stake in Charles Schwab by 1,309.3% during 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 purchased a new position in Charles Schwab during the fourth quarter worth about $46,000. Finally, Whipplewood Advisors LLC purchased a new position in Charles Schwab during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the sale, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. This represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 503,041 shares of company stock worth $41,072,558. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Trading Up 0.2%

Shares of SCHW stock opened at $84.53 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $153.30 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a 50 day moving average price of $77.48 and a 200 day moving average price of $77.92. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $87.84.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 earnings per share. Equities research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 32.73%.

Analyst Ratings Changes

SCHW has been the topic of a number of analyst reports. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research note on Monday, April 21st. Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.22.

About Charles Schwab

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.