Flputnam Investment Management Co. Has $26.41 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Flputnam Investment Management Co. grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,873 shares of the financial services provider's stock after buying an additional 23,100 shares during the period. Flputnam Investment Management Co.'s holdings in Charles Schwab were worth $26,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Providence Capital Advisors LLC bought a new position in Charles Schwab in the third quarter worth about $28,000. Sugarloaf Wealth Management LLC increased its stake in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 165 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Charles Schwab in the first quarter valued at approximately $32,000. BluePath Capital Management LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $34,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent research reports. The Goldman Sachs Group restated a "neutral" rating and issued a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Raymond James decreased their target price on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th. Barclays lifted their target price on shares of Charles Schwab from $68.00 to $74.00 and gave the company an "equal weight" rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods lowered shares of Charles Schwab from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $75.00 to $70.00 in a research note on Thursday, January 18th. Finally, TD Cowen raised shares of Charles Schwab from a "market perform" rating to an "outperform" rating and set a $87.00 target price for the company in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $72.53.

Insider Transactions at Charles Schwab

In other news, insider Nigel J. Murtagh sold 29,991 shares of the business's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,522,038.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at approximately $38,198,371.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now owns 81,446 shares in the company, valued at $5,522,038.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

SCHW traded up $1.23 during trading on Monday, hitting $71.26. The stock had a trading volume of 14,416,474 shares, compared to its average volume of 7,661,507. The firm has a market cap of $126.56 billion, a PE ratio of 28.06, a P/E/G ratio of 1.06 and a beta of 1.01. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.65. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $67.74 and a 200-day simple moving average of $62.62.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the firm posted $1.07 EPS. The business's quarterly revenue was down 18.9% on a year-over-year basis. Analysts expect that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. Charles Schwab's payout ratio is 39.37%.

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.