London Co. of Virginia Cuts Position in The Charles Schwab Co. (NYSE:SCHW)

London Co. of Virginia lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,561,103 shares of the financial services provider's stock after selling 224,055 shares during the quarter. Charles Schwab accounts for 1.8% of London Co. of Virginia's portfolio, making the stock its 12th biggest holding. London Co. of Virginia owned 0.26% of Charles Schwab worth $337,567,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Charles Schwab during the fourth quarter valued at approximately $38,000. Atala Financial Inc bought a new stake in Charles Schwab during the 4th quarter valued at about $41,000. Knuff & Co LLC raised its position 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 purchasing an additional 563 shares in the last quarter. Financial Life Planners purchased a new stake in shares of Charles Schwab in the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC bought a new stake in Charles Schwab during the fourth quarter valued at about $46,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

SCHW stock traded up $0.90 on Thursday, hitting $88.06. The company's stock had a trading volume of 8,619,343 shares, compared to its average volume of 9,425,112. The stock has a market cap of $159.70 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The firm has a 50 day moving average of $78.11 and a two-hundred day moving average of $78.14. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $88.37.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the prior year, the company earned $0.74 earnings per share. Equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. Charles Schwab's dividend payout ratio (DPR) is currently 32.73%.

Analyst Ratings Changes

A number of research analysts have issued reports on SCHW shares. The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 25th. Wells Fargo & Company decreased their target price on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays dropped their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a report on Monday, April 7th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and boosted their price objective for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and an average target price of $88.33.

Insider Activity

In other news, insider Paul V. Woolway sold 9,887 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the sale, the insider now owns 47,931 shares in the company, valued at approximately $3,613,038.78. This trade represents a 17.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,412 shares of company stock valued at $3,014,797. Company insiders own 6.30% of the company's stock.

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.