Van ECK Associates Corp Has $370.67 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Van ECK Associates Corp increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,387,681 shares of the financial services provider's stock after purchasing an additional 87,395 shares during the quarter. Van ECK Associates Corp owned approximately 0.30% of Charles Schwab worth $370,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider's stock valued at $1,634,700,000 after buying an additional 6,195,934 shares during the period. Invesco Ltd. raised its stake in shares of Charles Schwab by 3.3% during the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider's stock valued at $854,295,000 after acquiring an additional 502,304 shares during the last quarter. Northern Trust Corp grew its stake in shares of Charles Schwab by 2.3% in the third 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 during the last quarter. Bamco Inc. NY grew its stake in shares of Charles Schwab by 0.5% in the third 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Charles Schwab by 1.4% during 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 during the last quarter. Institutional investors own 84.38% of the company's stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Chairman Charles R. Schwab sold 58,500 shares of Charles Schwab stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $64.60, for a total value of $3,779,100.00. Following the completion of the transaction, the chairman now directly owns 61,192,538 shares in the company, valued at approximately $3,953,037,954.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now owns 81,446 shares in the company, valued at $5,702,034.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 394,648 shares of company stock valued at $27,400,905. Company insiders own 6.60% of the company's stock.

Analyst Ratings Changes

SCHW has been the topic of a number of recent analyst reports. Raymond James dropped their price target on shares of Charles Schwab from $78.00 to $75.00 and set an "outperform" rating on the stock in a research report on Thursday, January 18th. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a research report on Friday, March 15th. Finally, TD Cowen lifted their target price on Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $74.47.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded down $0.43 during midday trading on Monday, reaching $74.56. The company's stock had a trading volume of 5,743,115 shares, compared to its average volume of 7,707,918. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $132.42 billion, a P/E ratio of 31.20, a PEG ratio of 1.10 and a beta of 1.01. The firm has a 50 day moving average price of $69.68 and a 200-day moving average price of $64.01. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $75.55.

Charles Schwab Dividend Announcement

The business 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 dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

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.

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.