The Charles Schwab Co. (NYSE:SCHW) Shares Sold by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,443 shares of the financial services provider’s stock after selling 984 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Charles Schwab were worth $847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC lifted its position in shares of Charles Schwab by 153.9% during the 4th quarter. Aquatic Capital Management LLC now owns 506,858 shares of the financial services provider’s stock worth $37,513,000 after buying an additional 307,258 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Charles Schwab by 8.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 20,918 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 1,641 shares during the last quarter. Capital Analysts LLC lifted its position in shares of Charles Schwab by 4.0% during the 4th quarter. Capital Analysts LLC now owns 49,795 shares of the financial services provider’s stock worth $3,685,000 after buying an additional 1,899 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC lifted its position in shares of Charles Schwab by 4.3% during the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 3,760 shares of the financial services provider’s stock worth $278,000 after buying an additional 155 shares during the last quarter. Finally, Voya Financial Advisors Inc. lifted its position in shares of Charles Schwab by 3.3% during the 4th quarter. Voya Financial Advisors Inc. now owns 57,448 shares of the financial services provider’s stock worth $4,247,000 after buying an additional 1,812 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SCHW shares. UBS Group boosted their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. The Goldman Sachs Group upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price target on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Finally, Citigroup upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.22.

Charles Schwab Trading Up 0.7 %

Shares of Charles Schwab stock opened at $79.96 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a market capitalization of $145.01 billion, a P/E ratio of 26.74, a P/E/G ratio of 0.99 and a beta of 0.91. The business has a 50 day moving average price of $76.82 and a 200 day moving average price of $77.10.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the firm posted $0.74 EPS. Sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s dividend payout ratio is currently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank C. Herringer sold 3,592 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares of the company’s stock, valued at $12,784,750.12. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 493,482 shares of company stock worth $40,288,720 in the last ninety days. 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.