American International Group Inc. Cuts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

American International Group Inc. decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421,994 shares of the financial services provider’s stock after selling 9,218 shares during the quarter. American International Group Inc.’s holdings in Charles Schwab were worth $29,033,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Providence Capital Advisors LLC bought a new stake in Charles Schwab during the third quarter worth approximately $28,000. Sugarloaf Wealth Management LLC raised its holdings in Charles Schwab by 60.0% during the 4th 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 period. Frazier Financial Advisors LLC bought a new stake in Charles Schwab in the fourth quarter worth $30,000. Wetzel Investment Advisors Inc. bought a new position in Charles Schwab during the fourth quarter valued at $31,000. Finally, Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab in the fourth quarter valued at $34,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SCHW shares. UBS Group lifted their price target on shares of Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. StockNews.com cut Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. dropped their price objective on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Citigroup increased their target price on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.65.

Read Our Latest Stock Analysis on SCHW

Insider Buying and Selling

In related news, insider Bernard J. Clark sold 8,164 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the transaction, the insider now owns 121,666 shares in the company, valued at approximately $9,124,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the sale, the director now directly owns 574,257 shares of the company’s stock, valued at approximately $45,027,491.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard J. Clark sold 8,164 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $75.00, for a total value of $612,300.00. Following the completion of the sale, the insider now owns 121,666 shares in the company, valued at approximately $9,124,950. The disclosure for this sale can be found here. Insiders sold 663,640 shares of company stock worth $49,331,005 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.2 %

Shares of SCHW stock traded down $0.14 during mid-day trading on Friday, hitting $73.25. 5,756,153 shares of the stock traded hands, compared to its average volume of 6,447,748. The stock’s fifty day moving average is $74.14 and its two-hundred day moving average is $69.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The stock has a market cap of $130.19 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.12 and a beta of 0.96.

Charles Schwab (NYSE:SCHWGet Free Report) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Equities analysts predict that The Charles Schwab Co. will post 3.26 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is currently 41.84%.

Charles Schwab Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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