AMP Capital Investors Ltd lessened its stake in shares of Charles Schwab Corp (NYSE:SCHW) by 19.2% in the 4th quarter, Holdings Channel reports. The firm owned 359,438 shares of the financial services provider’s stock after selling 85,641 shares during the period. AMP Capital Investors Ltd’s holdings in Charles Schwab were worth $18,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bogart Wealth LLC lifted its stake in Charles Schwab by 1,100.0% in the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,870 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in Charles Schwab during the fourth quarter valued at approximately $118,000. Acadian Asset Management LLC purchased a new position in Charles Schwab during the fourth quarter valued at approximately $187,000. Zions Bancorporation increased its holdings in Charles Schwab by 1,545.3% during the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after buying an additional 3,585 shares during the period. Finally, Fiduciary Trust Co. purchased a new position in Charles Schwab in the fourth quarter worth $208,000. 79.98% of the stock is owned by institutional investors and hedge funds.

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Charles Schwab Corp (SCHW) opened at $57.70 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The firm has a market cap of $77,691.49, a PE ratio of 35.84, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58. Charles Schwab Corp has a fifty-two week low of $37.16 and a fifty-two week high of $57.73.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.03%. Charles Schwab’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. equities research analysts predict that Charles Schwab Corp will post 2.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.69%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, February 8th. Charles Schwab’s payout ratio is presently 24.84%.

SCHW has been the topic of several analyst reports. Credit Suisse Group began coverage on shares of Charles Schwab in a report on Thursday, November 30th. They issued an “outperform” rating and a $55.00 price target on the stock. SunTrust Banks boosted their target price on shares of Charles Schwab to $56.00 and gave the company an “average” rating in a research report on Friday, December 15th. They noted that the move was a valuation call. JMP Securities cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. Wells Fargo & Co reissued a “market perform” rating and set a $55.00 target price (up previously from $47.00) on shares of Charles Schwab in a research note on Thursday, January 4th. Finally, Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 target price for the company in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Charles Schwab presently has a consensus rating of “Buy” and an average price target of $54.33.

In other Charles Schwab news, Chairman Charles R. Schwab sold 300,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $55.31, for a total value of $16,593,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 240,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $55.13, for a total transaction of $13,231,200.00. The disclosure for this sale can be found here. Insiders sold a total of 917,251 shares of company stock worth $50,053,858 over the last quarter. 12.00% of the stock is currently owned by company insiders.

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Charles Schwab Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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