Natixis Advisors L.P. Boosts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Natixis Advisors L.P. boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 926,717 shares of the financial services provider’s stock after buying an additional 151,976 shares during the period. Natixis Advisors L.P. owned approximately 0.05% of Charles Schwab worth $63,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHW. Courier Capital LLC grew its holdings in Charles Schwab by 0.4% during the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock worth $3,133,000 after acquiring an additional 161 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Red Spruce Capital LLC grew its position in Charles Schwab by 0.4% during the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after buying an additional 172 shares during the period. Uncommon Cents Investing LLC raised its position in shares of Charles Schwab by 1.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 14,872 shares of the financial services provider’s stock worth $1,023,000 after acquiring an additional 175 shares during the period. Finally, Diligent Investors LLC grew its position in shares of Charles Schwab by 3.0% during the 4th quarter. Diligent Investors LLC now owns 5,959 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.9 %

Shares of NYSE SCHW traded up $0.71 during mid-day trading on Friday, hitting $76.04. The company had a trading volume of 5,387,141 shares, compared to its average volume of 7,637,154. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $76.47. The company has a market capitalization of $135.05 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 1.09 and a beta of 0.98. 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 business’s 50-day simple moving average is $70.52 and its 200 day simple moving average is $64.48.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,481 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total value of $413,870.31. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Chairman Charles R. Schwab sold 58,500 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $64.60, for a total value of $3,779,100.00. Following the sale, the chairman now owns 61,192,538 shares in the company, valued at approximately $3,953,037,954.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 5,481 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the transaction, the chief financial officer now owns 60,567 shares of the company’s stock, valued at $4,573,414.17. The disclosure for this sale can be found here. Insiders have sold 514,459 shares of company stock valued at $36,371,155 over the last quarter. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Keefe, Bruyette & Woods lifted their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. Two equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.47.

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.