Mn Services Vermogensbeheer B.V. Has $43.86 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Mn Services Vermogensbeheer B.V. cut its stake in The Charles Schwab Co. (NYSE:SCHW) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,200 shares of the financial services provider’s stock after selling 13,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Charles Schwab were worth $43,860,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Charles Schwab by 5.9% during the 4th quarter. International Assets Investment Management LLC now owns 10,994 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 612 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Charles Schwab during the fourth quarter worth $203,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Charles Schwab by 756.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,073 shares of the financial services provider’s stock worth $212,000 after buying an additional 2,714 shares in the last quarter. Wynn Capital LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth $1,765,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Charles Schwab by 4.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,994 shares of the financial services provider’s stock valued at $2,408,000 after acquiring an additional 1,393 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 0.2 %

SCHW traded up $0.12 during trading on Friday, hitting $64.39. The company’s stock had a trading volume of 13,127,823 shares, compared to its average volume of 8,089,044. The firm has a market capitalization of $114.51 billion, a P/E ratio of 26.94, a PEG ratio of 1.24 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The stock’s fifty day moving average price is $68.26 and its 200-day moving average price is $70.05. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. Charles Schwab’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. Analysts anticipate that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Ratings Changes

Several research firms have commented on SCHW. Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. UBS Group dropped their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Bank of America dropped their price target on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research note on Wednesday, July 17th. Finally, Morgan Stanley decreased their price objective on Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.00.

Insider Activity at Charles Schwab

In other news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the transaction, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Bernard J. Clark sold 8,164 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $75.00, for a total value of $612,300.00. Following the transaction, the insider now owns 121,666 shares of the company’s stock, valued at approximately $9,124,950. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the sale, the insider now directly owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders sold 185,231 shares of company stock valued at $12,638,320 in the last three months. Corporate 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.