Victory Capital Management Inc. Cuts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Victory Capital Management Inc. decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 569,648 shares of the financial services provider’s stock after selling 7,924 shares during the quarter. Victory Capital Management Inc.’s holdings in Charles Schwab were worth $42,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC grew its holdings in shares of Charles Schwab by 1.0% during the fourth quarter. Mainstream Capital Management LLC now owns 16,031 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 162 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Charles Schwab in the fourth quarter worth approximately $63,000. Charles Schwab Investment Management Inc. boosted its holdings in Charles Schwab by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,133,490 shares of the financial services provider’s stock worth $601,960,000 after purchasing an additional 239,968 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Charles Schwab by 6.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 153,108 shares of the financial services provider’s stock worth $11,332,000 after purchasing an additional 9,130 shares during the last quarter. Finally, Unified Investment Management purchased a new stake in Charles Schwab in the fourth quarter worth approximately $615,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares of the company’s stock, valued at $3,613,038.78. This trade represents a 17.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 501,087 shares of company stock worth $40,952,233. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Redburn Partners dropped their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, Citigroup raised their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Stock Down 1.3 %

Shares of SCHW stock opened at $74.58 on Friday. The company has a market capitalization of $135.25 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The company’s fifty day moving average price is $78.50 and its 200-day moving average price is $73.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

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.