Public Employees Retirement System of Ohio Has $46.90 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Public Employees Retirement System of Ohio decreased its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 633,736 shares of the financial services provider's stock after selling 31,375 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Charles Schwab were worth $46,903,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in Charles Schwab in the 4th quarter valued at approximately $38,000. Atala Financial Inc purchased a new position in Charles Schwab during the fourth quarter worth about $41,000. Knuff & Co LLC boosted its position in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners purchased a new position in shares of Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Down 0.5%

NYSE:SCHW traded down $0.46 during midday trading on Thursday, reaching $87.59. 2,692,180 shares of the stock traded hands, compared to its average volume of 9,345,089. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The stock has a market capitalization of $159.15 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The business has a 50-day moving average of $80.53 and a two-hundred day moving average of $79.24.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping 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 business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.23%. Charles Schwab's payout ratio is 32.73%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SCHW shares. Wells Fargo & Company dropped their price objective 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. UBS Group raised their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and raised their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Morgan Stanley upped their price target on Charles Schwab from $76.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.63.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,088 shares of company stock worth $8,105,928. Corporate 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.