Wellington Management Group LLP Has $802.80 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Wellington Management Group LLP increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,668,610 shares of the financial services provider’s stock after acquiring an additional 1,373,223 shares during the period. Wellington Management Group LLP’s holdings in Charles Schwab were worth $802,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Charles Schwab by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Charles Schwab by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after acquiring an additional 1,219,015 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Charles Schwab by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after purchasing an additional 296,317 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Charles Schwab by 2.3% in the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after purchasing an additional 356,112 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $950,192,000. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. TD Cowen decreased their price target on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Barclays lifted their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a report on Tuesday, May 28th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.65.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now directly owns 81,446 shares in the company, valued at $5,702,034.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joseph R. Martinetto sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $70.83, for a total value of $3,045,690.00. Following the completion of the transaction, the chief operating officer now owns 41,414 shares of the company’s stock, valued at $2,933,353.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 663,640 shares of company stock valued at $49,331,005. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 0.2 %

Shares of SCHW stock traded down $0.14 during trading hours on Friday, reaching $73.25. The company had a trading volume of 5,756,153 shares, compared to its average volume of 6,447,748. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The company has a 50 day moving average of $74.14 and a 200 day moving average of $69.13. The firm has a market cap of $130.19 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 1.12 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 19.25% and a net margin of 26.14%. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.26 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued 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 of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 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.