Vanguard Capital Wealth Advisors Sells 2,850 Shares of The Charles Schwab Co. (NYSE:SCHW)

Vanguard Capital Wealth Advisors lessened its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 36.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,950 shares of the financial services provider's stock after selling 2,850 shares during the period. Vanguard Capital Wealth Advisors' holdings in Charles Schwab were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. Norges Bank bought a new position in Charles Schwab during the 4th quarter valued at approximately $1,289,544,000. Kovitz Investment Group Partners LLC raised its position in Charles Schwab by 354.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider's stock valued at $814,545,000 after purchasing an additional 8,584,173 shares during the last quarter. FMR LLC raised its position in Charles Schwab by 69.4% during the 4th quarter. FMR LLC now owns 9,700,013 shares of the financial services provider's stock valued at $717,898,000 after purchasing an additional 3,974,940 shares during the last quarter. Marshall Wace LLP raised its position in Charles Schwab by 742.0% during the 4th quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider's stock valued at $309,451,000 after purchasing an additional 3,684,640 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in Charles Schwab by 310.3% during the 4th quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock valued at $314,716,000 after purchasing an additional 3,216,000 shares during the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Performance

Charles Schwab stock opened at $88.25 on Friday. The stock's 50 day moving average is $81.74 and its 200 day moving average is $79.64. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The company has a market capitalization of $160.35 billion, a P/E ratio of 29.52, a PEG ratio of 0.99 and a beta of 0.90.

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

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Charles Schwab's payout ratio is 32.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. UBS Group upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Cowen reiterated a "buy" rating on shares of Charles Schwab in a report on Tuesday, May 20th. Morgan Stanley upped their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group upgraded Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.63.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,850 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $87.57, for a total transaction of $249,574.50. Following the completion of the transaction, the insider now owns 15,219 shares in the company, valued at $1,332,727.83. The trade was a 15.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,290 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the transaction, the insider now owns 39,154 shares of the company's stock, valued at $3,433,022.72. This trade represents a 7.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,608 shares of company stock valued at $8,392,040 in the last ninety days. 6.30% of the stock is currently owned by company insiders.

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.

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