Caisse DE Depot ET Placement DU Quebec Lowers Holdings in The Charles Schwab Co. (NYSE:SCHW)

Caisse DE Depot ET Placement DU Quebec decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 72.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,000 shares of the financial services provider's stock after selling 795,801 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Charles Schwab were worth $22,499,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab in the fourth quarter worth about $38,000. Atala Financial Inc bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $41,000. Knuff & Co LLC raised its holdings in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after buying an additional 563 shares during the period. Financial Life Planners bought a new stake in Charles Schwab in the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC purchased a new position in Charles Schwab during the fourth quarter worth $46,000. 84.38% of the stock is owned by institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,041 shares of company stock valued at $41,072,558 in the last ninety days. Corporate insiders own 6.30% of the company's stock.

Charles Schwab Stock Up 0.3 %

SCHW traded up $0.24 on Monday, hitting $83.35. The company had a trading volume of 5,242,597 shares, compared to its average volume of 9,371,475. The stock has a market capitalization of $151.16 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 0.99 and a beta of 0.90. The stock has a fifty day moving average price of $76.99 and a 200-day moving average price of $77.58. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same quarter in the previous year, the business posted $0.74 EPS. Analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.30%. Charles Schwab's dividend payout ratio (DPR) is 32.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 22nd. UBS Group upped their target price on Charles Schwab from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating and set a $94.00 price objective on shares of Charles Schwab in a report on Monday, April 21st. Finally, Barclays cut their price objective on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and an average target price of $87.22.

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.