Beacon Pointe Advisors LLC Has $15.51 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Beacon Pointe Advisors LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 21.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,374 shares of the financial services provider's stock after selling 62,084 shares during the period. Beacon Pointe Advisors LLC's holdings in Charles Schwab were worth $15,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SCHW. Massachusetts Financial Services Co. MA increased its holdings 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 purchasing an additional 6,195,934 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider's stock valued at $390,234,000 after purchasing an additional 4,624,302 shares in the last quarter. Boston Partners grew its holdings in Charles Schwab by 424.7% during the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider's stock worth $305,400,000 after acquiring an additional 3,602,830 shares during the period. Van ECK Associates Corp grew its holdings in Charles Schwab by 134.3% during the 3rd quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider's stock worth $290,986,000 after acquiring an additional 3,038,517 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in Charles Schwab by 31.1% during the 3rd quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider's stock worth $397,877,000 after acquiring an additional 1,717,137 shares during the period. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles R. Schwab sold 89,275 shares of the firm's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares of the company's stock, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 672,036 shares of company stock valued at $49,281,565. Company insiders own 6.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SCHW. JMP Securities reissued a "market outperform" rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, April 16th. TD Cowen lifted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Raymond James reduced 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. Finally, Morgan Stanley lifted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of "Hold" and a consensus target price of $74.47.

Charles Schwab Stock Performance

NYSE SCHW traded down $0.62 during trading on Thursday, reaching $78.06. The company's stock had a trading volume of 7,991,531 shares, compared to its average volume of 7,526,554. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $138.73 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The Charles Schwab Co. has a 12 month low of $48.66 and a 12 month high of $78.79. The firm has a 50 day moving average price of $72.31 and a 200 day moving average price of $66.15.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, equities analysts anticipate that The Charles Schwab Co. will post 3.4 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 41.84%.

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.

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