Sandhill Capital Partners LLC Has $50.82 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Sandhill Capital Partners LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 738,600 shares of the financial services provider’s stock after buying an additional 114,096 shares during the period. Charles Schwab makes up about 4.2% of Sandhill Capital Partners LLC’s holdings, making the stock its 8th largest holding. Sandhill Capital Partners LLC’s holdings in Charles Schwab were worth $50,816,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SCHW. Massachusetts Financial Services Co. MA raised its position 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 valued at $1,634,700,000 after purchasing an additional 6,195,934 shares in the last quarter. Ameriprise Financial Inc. raised its position in Charles Schwab by 186.2% during the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after purchasing an additional 4,624,302 shares in the last quarter. Van ECK Associates Corp raised its position in 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 valued at $290,986,000 after purchasing an additional 3,038,517 shares in the last quarter. Lazard Asset Management LLC raised its position in 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 purchasing an additional 1,717,137 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Charles Schwab by 3,123.9% during 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. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SCHW shares. TD Cowen lifted their price objective on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Citigroup lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Barclays lifted their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.47.

Charles Schwab Stock Down 0.4 %

NYSE SCHW traded down $0.33 during mid-day trading on Thursday, reaching $74.86. The stock had a trading volume of 6,374,160 shares, compared to its average volume of 7,758,854. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $75.55. The stock has a market cap of $132.96 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a fifty day moving average price of $69.27 and a 200 day moving average price of $63.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 389,167 shares of company stock worth $26,987,035. 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.