Winslow Asset Management Inc. lowered its stake in The Charles Schwab Co. (NYSE:SCHW – Get Rating) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 191,240 shares of the financial services provider’s stock after selling 2,945 shares during the period. Charles Schwab comprises approximately 3.6% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 6th biggest position. Winslow Asset Management Inc.’s holdings in Charles Schwab were worth $13,744,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Charles Schwab by 25.7% in the second quarter. Victory Capital Management Inc. now owns 1,887,068 shares of the financial services provider’s stock valued at $119,225,000 after purchasing an additional 386,287 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in Charles Schwab by 12.4% during the second quarter. United Capital Financial Advisers LLC now owns 16,222 shares of the financial services provider’s stock worth $1,025,000 after purchasing an additional 1,793 shares during the last quarter. Hanson & Doremus Investment Management increased its position in shares of Charles Schwab by 3.1% during the third quarter. Hanson & Doremus Investment Management now owns 111,546 shares of the financial services provider’s stock valued at $8,017,000 after acquiring an additional 3,329 shares during the last quarter. Coronation Fund Managers Ltd. raised its stake in shares of Charles Schwab by 28.8% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 673,930 shares of the financial services provider’s stock worth $48,435,000 after purchasing an additional 150,710 shares during the period. Finally, Lyell Wealth Management LP increased its position in Charles Schwab by 8.6% in the third quarter. Lyell Wealth Management LP now owns 9,455 shares of the financial services provider’s stock worth $680,000 after buying an additional 745 shares during the last quarter. Institutional investors own 73.49% of the company’s stock.
Insider Buying and Selling at Charles Schwab
In related news, EVP Peter J. Morgan III sold 1,463 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $80.04, for a total transaction of $117,098.52. Following the completion of the sale, the executive vice president now owns 1,803 shares of the company’s stock, valued at approximately $144,312.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Jonathan M. Craig sold 51,144 shares of Charles Schwab stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $80.30, for a total value of $4,106,863.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter J. Morgan III sold 1,463 shares of Charles Schwab stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $80.04, for a total transaction of $117,098.52. Following the completion of the transaction, the executive vice president now directly owns 1,803 shares of the company’s stock, valued at approximately $144,312.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 451,707 shares of company stock valued at $35,781,359. Company insiders own 6.90% of the company’s stock.
Analyst Upgrades and Downgrades
Charles Schwab Price Performance
Shares of Charles Schwab stock traded up $0.69 on Wednesday, hitting $78.11. The company’s stock had a trading volume of 1,949,090 shares, compared to its average volume of 9,809,775. The firm has a fifty day moving average price of $80.76 and a 200-day moving average price of $75.48. The company has a market capitalization of $141.84 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.78. The Charles Schwab Co. has a 52-week low of $59.35 and a 52-week high of $96.24.
Charles Schwab (NYSE:SCHW – Get Rating) last posted its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.55 billion. Charles Schwab had a net margin of 34.60% and a return on equity of 23.85%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. On average, equities research analysts expect that The Charles Schwab Co. will post 4.56 earnings per share for the current fiscal year.
Charles Schwab Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.22. Charles Schwab’s dividend payout ratio (DPR) is presently 25.14%.
Charles Schwab Profile
The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.
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