The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,051 shares of the financial services provider’s stock after acquiring an additional 2,130 shares during the period. EP Wealth Advisors LLC’s holdings in Charles Schwab were worth $2,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHW. Investment Research & Advisory Group Inc. lifted its stake in Charles Schwab by 1.0% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after acquiring an additional 607 shares during the last quarter. Morningstar Investment Services LLC lifted its holdings in Charles Schwab by 98.0% during the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after buying an additional 2,322,156 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Charles Schwab by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock worth $302,254,000 after acquiring an additional 857,734 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock valued at $444,826,000 after acquiring an additional 42,588 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Charles Schwab by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after buying an additional 160,719 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on SCHW shares. JPMorgan Chase & Co. decreased their price objective on shares of Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Morgan Stanley lifted their target price on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Finally, UBS Group lifted their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.65.

Charles Schwab Trading Down 0.2 %

Shares of SCHW traded down $0.14 on Friday, hitting $73.25. 5,756,153 shares of the stock traded hands, compared to its average volume of 6,447,748. The firm has a market capitalization of $130.19 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.12 and a beta of 0.96. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The Charles Schwab Co. has a 1 year low of $48.66 and a 1 year high of $79.49. The stock’s 50 day moving average is $74.14 and its two-hundred day moving average is $69.07.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. As a group, sell-side analysts predict that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The sale was disclosed in a filing with the SEC, which is available at this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the sale, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total value of $637,830.00. Following the transaction, the director now owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The disclosure for this sale can be found here. Insiders have sold a total of 663,640 shares of company stock worth $49,331,005 in the last quarter. 6.60% of the stock is owned by insiders.

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.