River Global Investors LLP Cuts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

River Global Investors LLP lowered its holdings in The Charles Schwab Co. (NYSE:SCHW) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,960 shares of the financial services provider’s stock after selling 4,798 shares during the period. River Global Investors LLP’s holdings in Charles Schwab were worth $4,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHW. Massachusetts Financial Services Co. MA boosted its position in Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after purchasing an additional 6,195,934 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after purchasing an additional 4,624,302 shares during the last quarter. Van ECK Associates Corp boosted its position in Charles Schwab by 134.3% in the third quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider’s stock worth $290,986,000 after purchasing an additional 3,038,517 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Charles Schwab by 31.1% in the third quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider’s stock valued at $397,877,000 after buying an additional 1,717,137 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Charles Schwab by 3,123.9% in the third quarter. Los Angeles Capital Management LLC now owns 1,360,400 shares of the financial services provider’s stock valued at $74,686,000 after buying an additional 1,318,203 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCHW. Citigroup boosted their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Barclays boosted their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Morgan Stanley boosted their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average target price of $74.47.

Charles Schwab Price Performance

NYSE SCHW traded up $0.71 during trading on Friday, reaching $76.04. The company’s stock had a trading volume of 5,414,735 shares, compared to its average volume of 7,577,556. The stock has a market capitalization of $135.05 billion, a PE ratio of 31.82, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a fifty day moving average of $70.75 and a 200 day moving average of $64.63. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $76.47.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insiders Place Their Bets

In other news, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the transaction, the chairman now directly owns 61,192,538 shares in the company, valued at approximately $3,953,037,954.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,522,038.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 58,500 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the sale, the chairman now owns 61,192,538 shares of the company’s stock, valued at $3,953,037,954.80. The disclosure for this sale can be found here. Insiders have sold 514,459 shares of company stock worth $36,371,155 in the last ninety days. 6.60% of the stock is currently owned by insiders.

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.