Cramer Rosenthal Mcglynn LLC Has $3 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Cramer Rosenthal Mcglynn LLC trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,493 shares of the financial services provider’s stock after selling 8,130 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Charles Schwab were worth $2,997,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SCHW. Capital International Investors raised its position in Charles Schwab by 7.0% during the fourth quarter. Capital International Investors now owns 1,206,172 shares of the financial services provider’s stock valued at $89,269,000 after purchasing an additional 79,082 shares in the last quarter. Alpha DNA Investment Management LLC increased its stake in shares of Charles Schwab by 119.3% in the 4th quarter. Alpha DNA Investment Management LLC now owns 40,274 shares of the financial services provider’s stock valued at $2,981,000 after purchasing an additional 21,906 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Charles Schwab by 33.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,798,592 shares of the financial services provider’s stock worth $207,124,000 after buying an additional 700,701 shares in the last quarter. First Commonwealth Financial Corp PA lifted its position in shares of Charles Schwab by 4.2% during the 4th quarter. First Commonwealth Financial Corp PA now owns 12,978 shares of the financial services provider’s stock worth $961,000 after buying an additional 519 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Charles Schwab by 742.0% in the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider’s stock valued at $309,451,000 after buying an additional 3,684,640 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SCHW shares. Barclays dropped their target price on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a report on Monday, April 7th. UBS Group raised their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 target price for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.44.

Charles Schwab Stock Performance

NYSE:SCHW opened at $76.52 on Friday. The firm has a market capitalization of $138.77 billion, a P/E ratio of 25.59, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a fifty day moving average of $77.30 and a 200-day moving average of $76.40. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

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 the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates 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 prior year, the business earned $0.74 earnings per share. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.41%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is presently 36.12%.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of Charles Schwab stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now owns 57,818 shares of the company’s stock, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 513,081 shares of company stock valued at $41,903,066. Company insiders own 6.30% of the company’s stock.

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.