Chapman Investment Management LLC Has $4.02 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Chapman Investment Management LLC lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,506 shares of the financial services provider’s stock after selling 1,533 shares during the quarter. Charles Schwab makes up about 3.0% of Chapman Investment Management LLC’s investment portfolio, making the stock its 14th largest position. Chapman Investment Management LLC’s holdings in Charles Schwab were worth $4,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tributary Capital Management LLC bought a new stake in shares of Charles Schwab in the 1st quarter valued at approximately $31,000. Sugarloaf Wealth Management LLC raised its stake in Charles Schwab by 60.0% during the fourth 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 in the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab in the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the 4th quarter worth about $31,000. Finally, Hall Laurie J Trustee bought a new position in Charles Schwab during the 4th quarter valued at about $34,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded up $1.44 during mid-day trading on Thursday, reaching $76.07. 5,796,036 shares of the company were exchanged, compared to its average volume of 7,181,804. The company’s 50-day simple moving average is $74.29 and its 200-day simple moving average is $70.09. 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 stock has a market capitalization of $135.20 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.13 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data 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. 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, research analysts predict that The Charles Schwab Co. will post 3.25 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. Investors of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Buying and Selling

In related news, insider Bernard J. Clark sold 77,431 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now owns 121,666 shares in the company, valued at $8,630,986.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $72.49, for a total value of $652,410.00. Following the sale, the director now owns 570,657 shares of the company’s stock, valued at approximately $41,366,925.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at approximately $8,630,986.04. The disclosure for this sale can be found here. Insiders have sold 658,663 shares of company stock valued at $48,997,146 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on SCHW shares. Citigroup raised their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Morgan Stanley dropped their target price on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating for the company in a research note on Thursday. TD Cowen reduced their target price on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Bank of America raised their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods raised Charles Schwab from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $76.00 to $84.00 in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.75.

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.