Larson Financial Group LLC Sells 250 Shares of The Charles Schwab Co. (NYSE:SCHW)

Larson Financial Group LLC trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 11.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,984 shares of the financial services provider’s stock after selling 250 shares during the period. Larson Financial Group LLC’s holdings in Charles Schwab were worth $136,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after purchasing an additional 502,304 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after purchasing an additional 356,112 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after purchasing an additional 42,588 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Charles Schwab by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,317,044 shares of the financial services provider’s stock worth $401,706,000 after purchasing an additional 101,920 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Peter B. Crawford sold 8,000 shares of Charles Schwab stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 389,167 shares of company stock valued at $26,987,035. 6.60% of the stock is owned by insiders.

Charles Schwab Trading Down 0.0 %

Shares of Charles Schwab stock opened at $75.20 on Thursday. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55. The firm has a market cap of $133.56 billion, a PE ratio of 31.46, a P/E/G ratio of 1.10 and a beta of 1.01. The stock has a fifty day moving average price of $69.27 and a 200-day moving average price of $63.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Analysts Set New Price Targets

SCHW has been the topic of a number of recent research reports. Raymond James cut their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Bank of America increased their price target on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.47.

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.