The Charles Schwab Co. (NYSE:SCHW) Shares Sold by LGT Group Foundation

LGT Group Foundation decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 91.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,816 shares of the financial services provider’s stock after selling 134,860 shares during the period. LGT Group Foundation’s holdings in Charles Schwab were worth $822,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC boosted its stake 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 worth $30,000 after purchasing an additional 165 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in Charles Schwab during the fourth quarter worth about $31,000. Hall Laurie J Trustee acquired a new position in Charles Schwab during the fourth quarter worth about $34,000. Providence Capital Advisors LLC acquired a new position in Charles Schwab during the third quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc grew its position in Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after buying an additional 268 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the transaction, the chief financial officer now directly owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The disclosure for this sale can be found here. Insiders have sold 514,459 shares of company stock valued at $36,371,155 in the last quarter. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

NYSE:SCHW opened at $76.04 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $135.05 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.10 and a beta of 0.98. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $76.47. The firm’s 50 day moving average is $70.52 and its two-hundred day moving average is $64.48.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analysts Set New Price Targets

Several brokerages have weighed in on SCHW. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research report on Tuesday, April 16th. Finally, TD Cowen increased their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average target price of $74.47.

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.