JT Stratford LLC Has $1.02 Million Position in The Charles Schwab Co. (NYSE:SCHW)

JT Stratford LLC lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,743 shares of the financial services provider’s stock after selling 400 shares during the quarter. JT Stratford LLC’s holdings in Charles Schwab were worth $1,017,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SCHW. Vanguard Group Inc. raised its stake in shares of Charles Schwab by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock valued at $9,516,075,000 after acquiring an additional 1,187,384 shares during the last quarter. Geode Capital Management LLC increased its holdings in Charles Schwab by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock valued at $2,279,742,000 after purchasing an additional 760,043 shares during the period. Fisher Asset Management LLC raised its position in Charles Schwab by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after purchasing an additional 265,708 shares during the last quarter. Norges Bank bought a new position in Charles Schwab during the 4th quarter worth $1,289,544,000. Finally, Northern Trust Corp lifted its holdings in Charles Schwab by 13.4% during the 4th quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider’s stock worth $1,164,911,000 after buying an additional 1,864,286 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $87.24 on Friday. The firm has a market capitalization of $158.51 billion, a P/E ratio of 29.18, a P/E/G ratio of 0.99 and a beta of 0.90. The firm’s 50-day moving average price is $79.77 and its 200-day moving average price is $78.84. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the previous year, the company posted $0.74 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.24%. Charles Schwab’s dividend payout ratio is 32.73%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price target for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Morgan Stanley increased their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.63.

Insider Transactions at Charles Schwab

In other news, insider Jonathan M. Craig sold 47,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now directly owns 172,162 shares in the company, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,912 shares of company stock valued at $7,216,647 over the last ninety days. 6.30% of the stock is owned by company insiders.

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.