NJ State Employees Deferred Compensation Plan Buys 8,800 Shares of The Charles Schwab Co. (NYSE:SCHW)

NJ State Employees Deferred Compensation Plan boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 35.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,800 shares of the financial services provider’s stock after buying an additional 8,800 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Charles Schwab were worth $2,325,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in Charles Schwab by 26.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after purchasing an additional 6,195,934 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after buying an additional 4,624,302 shares during the period. Van ECK Associates Corp raised its position in shares of Charles Schwab by 134.3% during the third quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider’s stock worth $290,986,000 after purchasing an additional 3,038,517 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Charles Schwab by 31.1% during the third quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider’s stock valued at $397,877,000 after buying an additional 1,717,137 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Charles Schwab by 3,123.9% in the third quarter. Los Angeles Capital Management LLC now owns 1,360,400 shares of the financial services provider’s stock valued at $74,686,000 after purchasing an additional 1,318,203 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the transaction, the chief financial officer now owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the transaction, the chief financial officer now directly owns 29,611 shares in the company, valued at approximately $1,917,608.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total value of $6,661,700.50. Following the sale, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The disclosure for this sale can be found here. Insiders sold a total of 389,167 shares of company stock worth $26,987,035 over the last quarter. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Barclays upped their price objective on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $74.47.

Charles Schwab Stock Up 0.1 %

NYSE SCHW traded up $0.10 during trading on Friday, reaching $74.99. The company’s stock had a trading volume of 5,523,207 shares, compared to its average volume of 7,709,147. The stock has a market capitalization of $133.19 billion, a PE ratio of 31.25, a PEG ratio of 1.10 and a beta of 1.01. The business has a 50-day moving average price of $69.47 and a 200-day moving average price of $63.68. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $75.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.33%. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

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.