Rehmann Capital Advisory Group Sells 181 Shares of The Charles Schwab Co. (NYSE:SCHW)

Rehmann Capital Advisory Group decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,598 shares of the financial services provider’s stock after selling 181 shares during the period. Rehmann Capital Advisory Group’s holdings in Charles Schwab were worth $488,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SCHW. Vanguard Group Inc. lifted its position in shares of Charles Schwab by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock worth $9,516,075,000 after purchasing an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC lifted its position in Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock worth $2,279,742,000 after buying an additional 760,043 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after acquiring an additional 265,708 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Charles Schwab in the fourth quarter valued at about $1,289,544,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Barclays cut their price objective on 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 boosted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Charles Schwab has a consensus rating of “Moderate Buy” and an average price target of $87.22.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares in the company, valued at $12,784,750.12. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 493,482 shares of company stock valued at $40,288,720 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Stock Up 0.2 %

SCHW opened at $81.57 on Friday. The stock has a fifty day moving average of $76.81 and a 200-day moving average of $77.34. The company has a market capitalization of $147.93 billion, a P/E ratio of 27.28, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

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

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

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.