TCW Group Inc. Sells 117,716 Shares of The Charles Schwab Co. (NYSE:SCHW)

TCW Group Inc. decreased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113,213 shares of the financial services provider’s stock after selling 117,716 shares during the quarter. TCW Group Inc.’s holdings in Charles Schwab were worth $76,606,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC lifted its position in shares of Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab in the fourth quarter worth $31,000. Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab during the 4th quarter valued at $34,000. Finally, Providence Capital Advisors LLC purchased a new position in Charles Schwab during the 3rd quarter worth $28,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the completion of the sale, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Peter B. Crawford sold 5,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total value of $361,405.00. Following the completion of the sale, the chief financial officer now owns 24,111 shares of the company’s stock, valued at $1,584,333.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now owns 585,057 shares in the company, valued at $38,198,371.53. The disclosure for this sale can be found here. In the last three months, insiders sold 622,536 shares of company stock worth $46,208,155. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several recent analyst reports. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Morgan Stanley upped their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. TD Cowen lowered their price objective on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Barclays lifted their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.12.

Charles Schwab Trading Down 3.9 %

Shares of Charles Schwab stock traded down $2.93 during mid-day trading on Thursday, hitting $72.34. The stock had a trading volume of 14,558,213 shares, compared to its average volume of 7,614,752. 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 firm has a market cap of $128.57 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The firm has a 50-day moving average of $73.39 and a two-hundred day moving average of $67.01. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Sell-side analysts forecast that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is 41.84%.

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.