The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 771,396 shares of the financial services provider’s stock after buying an additional 128,584 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Charles Schwab were worth $53,072,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Providence Capital Advisors LLC acquired a new position in Charles Schwab in the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in Charles Schwab during the 4th quarter worth approximately $30,000. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the 4th quarter worth approximately $31,000. Finally, Hall Laurie J Trustee purchased a new position in Charles Schwab during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’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 transaction of $587,610.00. Following the transaction, the director now directly 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 available through the SEC website. In related news, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the completion of the transaction, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,536 shares of company stock worth $46,208,155. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW traded down $0.07 on Friday, reaching $72.27. The company’s stock had a trading volume of 6,152,159 shares, compared to its average volume of 7,044,615. The firm has a market cap of $128.44 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.06 and a beta of 0.98. The business has a 50-day moving average price of $73.61 and a 200 day moving average price of $67.25. The Charles Schwab Co. has a 52 week low of $48.66 and a 52 week high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Sell-side analysts expect that The Charles Schwab Co. will post 3.37 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Charles Schwab’s payout ratio is 41.84%.

Analyst Ratings Changes

SCHW has been the subject of a number of research reports. Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Barclays lifted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday. Bank of America lifted their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.12.

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.