Mutual of America Capital Management LLC Decreases Position in The Charles Schwab Co. (NYSE:SCHW)

Mutual of America Capital Management LLC trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,120 shares of the financial services provider’s stock after selling 4,032 shares during the period. Mutual of America Capital Management LLC’s holdings in Charles Schwab were worth $14,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Tributary Capital Management LLC purchased a new position in shares of Charles Schwab during the 1st quarter valued at $31,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 165 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Charles Schwab during the 4th quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Charles Schwab during the 4th quarter worth $31,000. Finally, Hall Laurie J Trustee bought a new stake in shares of Charles Schwab during the 4th quarter worth $34,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Stock Up 0.0 %

SCHW traded up $0.03 during midday trading on Monday, reaching $73.23. The company’s stock had a trading volume of 5,338,105 shares, compared to its average volume of 7,230,227. The firm has a market capitalization of $130.15 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 1.13 and a beta of 0.99. The company has a current ratio of 0.42, a quick 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 $74.28 and its 200-day moving average is $70.02.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, research analysts expect that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.25 dividend. 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 (DPR) is presently 41.84%.

Insiders Place Their Bets

In other news, CFO Peter B. Crawford sold 5,481 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Charles Schwab news, insider Nigel J. Murtagh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the transaction, the insider now directly owns 71,446 shares in the company, valued at $5,172,690.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter B. Crawford sold 5,481 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,573,414.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 658,663 shares of company stock worth $48,997,146. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SCHW. Morgan Stanley boosted their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $76.00 to $84.00 in a research note on Monday. Jefferies Financial Group boosted their price target on shares of Charles Schwab from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a research note on Tuesday, May 28th. Finally, UBS Group boosted their price objective 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $77.69.

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.