Courier Capital LLC Has $3.13 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Courier Capital LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,539 shares of the financial services provider’s stock after purchasing an additional 161 shares during the period. Courier Capital LLC’s holdings in Charles Schwab were worth $3,133,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Charles Schwab by 0.7% during the second quarter. State Street Corp now owns 60,391,016 shares of the financial services provider’s stock worth $3,422,963,000 after buying an additional 398,367 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Charles Schwab by 26.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Charles Schwab by 1.5% during the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after buying an additional 391,238 shares in the last quarter. Morgan Stanley increased its holdings in Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after purchasing an additional 8,563,389 shares during the period. Finally, Norges Bank acquired a new stake in Charles Schwab in the fourth quarter valued at $1,325,555,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

SCHW stock opened at $72.41 on Thursday. The stock has a market capitalization of $128.42 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The company’s 50-day moving average is $65.43 and its 200-day moving average is $61.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $72.94.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue was down 18.9% on a year-over-year basis. Equities research analysts expect that The Charles Schwab Co. will post 3.33 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SCHW. Citigroup downgraded Charles Schwab from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $70.00 in a report on Wednesday, January 10th. Raymond James decreased their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $71.12.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the transaction, the director now owns 581,457 shares in the company, valued at approximately $41,207,857.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,584 shares of company stock worth $14,200,769. Insiders own 6.60% of the company’s stock.

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.