Checchi Capital Advisers LLC Boosts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Checchi Capital Advisers LLC raised its stake in The Charles Schwab Co. (NYSE:SCHW – Get Rating) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,708 shares of the financial services provider’s stock after acquiring an additional 1,218 shares during the period. Checchi Capital Advisers LLC’s holdings in Charles Schwab were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SCHW. Norges Bank acquired a new position in Charles Schwab in the fourth quarter valued at $1,127,795,000. State Street Corp boosted its stake in Charles Schwab by 6.6% in the fourth quarter. State Street Corp now owns 69,667,441 shares of the financial services provider’s stock valued at $5,859,032,000 after acquiring an additional 4,305,161 shares in the last quarter. DSM Capital Partners LLC boosted its stake in Charles Schwab by 18.7% in the fourth quarter. DSM Capital Partners LLC now owns 7,092,911 shares of the financial services provider’s stock valued at $596,514,000 after acquiring an additional 1,119,428 shares in the last quarter. Rathbones Group PLC acquired a new position in Charles Schwab in the fourth quarter valued at $85,881,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Charles Schwab by 719.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 913,486 shares of the financial services provider’s stock worth $77,015,000 after buying an additional 801,974 shares during the period. Institutional investors and hedge funds own 87.13% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 149,600 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $65.36, for a total transaction of $9,777,856.00. Following the completion of the transaction, the chairman now directly owns 69,749,230 shares of the company’s stock, valued at approximately $4,558,809,672.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Charles R. Schwab sold 120,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $62.70, for a total transaction of $7,524,000.00. Following the completion of the transaction, the chairman now directly owns 71,083,305 shares of the company’s stock, valued at approximately $4,456,923,223.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 149,600 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $65.36, for a total transaction of $9,777,856.00. Following the transaction, the chairman now directly owns 69,749,230 shares of the company’s stock, valued at $4,558,809,672.80. The disclosure for this sale can be found here. Corporate insiders own 7.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SCHW shares. UBS Group increased their target price on shares of Charles Schwab from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Morgan Stanley decreased their target price on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating for the company in a research note on Monday, August 1st. Jefferies Financial Group decreased their target price on shares of Charles Schwab to $95.00 in a research note on Friday, April 22nd. JPMorgan Chase & Co. decreased their target price on shares of Charles Schwab from $107.00 to $101.00 in a research note on Thursday, April 14th. Finally, StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.75.

Charles Schwab Trading Up 0.4 %

Shares of Charles Schwab stock opened at $69.31 on Friday. The Charles Schwab Co. has a 12-month low of $59.35 and a 12-month high of $96.24. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.58. The stock has a market cap of $125.94 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. The company has a 50-day moving average of $64.47 and a two-hundred day moving average of $74.88.

Charles Schwab (NYSE:SCHW – Get Rating) last issued its earnings results on Monday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Charles Schwab had a net margin of 33.09% and a return on equity of 15.86%. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.04 billion. During the same period last year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that The Charles Schwab Co. will post 3.91 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.27%. Charles Schwab’s dividend payout ratio (DPR) is 26.32%.

Charles Schwab Profile

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The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.