Rathbones Group PLC Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Rathbones Group PLC cut its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 93.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,415 shares of the financial services provider’s stock after selling 1,009,332 shares during the quarter. Rathbones Group PLC’s holdings in Charles Schwab were worth $5,137,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Charles Schwab by 3.0% during the fourth quarter. Invesco Ltd. now owns 14,842,544 shares of the financial services provider’s stock valued at $1,098,497,000 after acquiring an additional 430,250 shares in the last quarter. FMR LLC grew its stake in shares of Charles Schwab by 69.4% during the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider’s stock valued at $717,898,000 after purchasing an additional 3,974,940 shares during the period. Aster Capital Management DIFC Ltd raised its stake in shares of Charles Schwab by 213.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,606 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,094 shares during the period. Titleist Asset Management LLC increased its stake in Charles Schwab by 13.7% in the 4th quarter. Titleist Asset Management LLC now owns 9,885 shares of the financial services provider’s stock worth $732,000 after buying an additional 1,191 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co raised its position in shares of Charles Schwab by 76.4% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 186,971 shares of the financial services provider’s stock valued at $13,838,000 after buying an additional 81,000 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Performance

Shares of SCHW opened at $69.97 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a market cap of $126.90 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The business’s 50 day moving average is $78.84 and its two-hundred day moving average is $75.93.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the company earned $0.68 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab 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 transaction, the chairman now owns 827,377 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 513,081 shares of company stock valued at $41,903,066 over the last 90 days. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Finally, Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.28.

Charles Schwab Company 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.