Chapman Investment Management LLC Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Chapman Investment Management LLC trimmed its stake in The Charles Schwab Co. (NYSE:SCHW) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 57,039 shares of the financial services provider’s stock after selling 3,830 shares during the quarter. Charles Schwab comprises about 3.0% of Chapman Investment Management LLC’s portfolio, making the stock its 15th largest position. Chapman Investment Management LLC’s holdings in Charles Schwab were worth $3,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital Investment Advisors LLC grew its stake in Charles Schwab by 5.1% during the third quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock worth $288,000 after buying an additional 256 shares during the period. Cedar Brook Financial Partners LLC grew its stake in Charles Schwab by 10.8% during the third quarter. Cedar Brook Financial Partners LLC now owns 4,128 shares of the financial services provider’s stock worth $227,000 after buying an additional 403 shares during the period. Meridian Wealth Management LLC grew its stake in Charles Schwab by 109.3% during the third quarter. Meridian Wealth Management LLC now owns 13,470 shares of the financial services provider’s stock worth $739,000 after buying an additional 7,034 shares during the period. Strategic Blueprint LLC grew its stake in Charles Schwab by 3.5% during the third quarter. Strategic Blueprint LLC now owns 9,423 shares of the financial services provider’s stock worth $517,000 after buying an additional 320 shares during the period. Finally, CX Institutional grew its stake in Charles Schwab by 9.5% during the third quarter. CX Institutional now owns 9,953 shares of the financial services provider’s stock worth $546,000 after buying an additional 866 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Barclays boosted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Bank of America boosted their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. Morgan Stanley boosted their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.10 on Friday, reaching $74.99. 5,560,677 shares of the company’s stock were exchanged, compared to its average volume of 7,173,721. The firm has a market capitalization of $133.19 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.10 and a beta of 1.01. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $75.55. The business’s 50-day moving average is $69.68 and its two-hundred day moving average is $63.84. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Charles R. Schwab sold 89,275 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the transaction, the chairman now owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,648 shares of company stock valued at $27,400,905. Company insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.