Calamos Advisors LLC Has $25.76 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Calamos Advisors LLC cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 374,353 shares of the financial services provider’s stock after selling 4,890 shares during the quarter. Calamos Advisors LLC’s holdings in Charles Schwab were worth $25,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of 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 worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Charles Schwab by 1.5% in the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after acquiring an additional 391,238 shares during the last quarter. Morgan Stanley increased its stake in shares of Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after acquiring an additional 8,563,389 shares during the last quarter. Norges Bank acquired a new position in shares of Charles Schwab in the fourth quarter worth $1,325,555,000. Finally, Invesco Ltd. increased its stake in shares of Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after acquiring an additional 502,304 shares during the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Peter B. Crawford sold 5,482 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,449,251.82. The disclosure for this sale can be found here. Insiders sold 312,800 shares of company stock valued at $21,081,569 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Bank of America upped their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday. Citigroup upped their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, 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 report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Performance

Shares of SCHW traded up $0.57 during trading hours on Friday, reaching $73.50. 1,026,139 shares of the company traded hands, compared to its average volume of 7,664,061. The stock’s fifty day moving average is $68.38 and its 200 day moving average is $62.89. The stock has a market cap of $130.54 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $73.88.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. Equities research analysts anticipate that The Charles Schwab Co. will post 3.43 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

About Charles Schwab

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.