Marco Investment Management LLC Trims Stake in The Charles Schwab Co. (NYSE:SCHW)

Marco Investment Management LLC lowered its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,262 shares of the financial services provider’s stock after selling 676 shares during the quarter. Marco Investment Management LLC’s holdings in Charles Schwab were worth $5,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional raised its holdings in shares of Charles Schwab by 9.5% in the 3rd quarter. CX Institutional now owns 9,953 shares of the financial services provider’s stock valued at $546,000 after buying an additional 866 shares during the period. Oak Thistle LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter valued at $233,000. Handelsbanken Fonder AB raised its holdings in shares of Charles Schwab by 0.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 404,850 shares of the financial services provider’s stock valued at $22,226,000 after buying an additional 2,621 shares during the period. Ropes Wealth Advisors LLC raised its holdings in shares of Charles Schwab by 13.8% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 6,725 shares of the financial services provider’s stock valued at $369,000 after buying an additional 813 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV raised its holdings in shares of Charles Schwab by 1.7% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 13,852 shares of the financial services provider’s stock valued at $760,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Cowen boosted their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Raymond James lowered their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Morgan Stanley upped their price objective on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Barclays upped their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Performance

Shares of SCHW stock traded up $0.10 during trading hours on Friday, reaching $74.99. 5,560,677 shares of the company’s stock were exchanged, compared to its average volume of 7,173,721. The company has a market cap of $133.19 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company’s 50 day moving average is $69.68 and its two-hundred day moving average is $64.01. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 89,275 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold a total of 394,648 shares of company stock worth $27,400,905 in the last quarter. Company insiders own 6.60% of the company’s stock.

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.