Stanley Laman Group Ltd. Lowers Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Stanley Laman Group Ltd. lessened its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,794 shares of the financial services provider’s stock after selling 1,194 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Charles Schwab were worth $3,563,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SCHW. Capital Investment Advisors LLC raised its stake in Charles Schwab by 5.1% during the third quarter. Capital Investment Advisors LLC now owns 5,239 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 256 shares during the period. Cedar Brook Financial Partners LLC increased its stake in Charles Schwab by 10.8% during the third quarter. Cedar Brook Financial Partners LLC now owns 4,128 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 403 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in shares of Charles Schwab by 109.3% in the 3rd quarter. Meridian Wealth Management LLC now owns 13,470 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 7,034 shares during the period. Strategic Blueprint LLC lifted its position in Charles Schwab by 3.5% during the third quarter. Strategic Blueprint LLC now owns 9,423 shares of the financial services provider’s stock valued at $517,000 after buying an additional 320 shares in the last quarter. Finally, CX Institutional grew its stake in Charles Schwab by 9.5% during the third quarter. CX Institutional now owns 9,953 shares of the financial services provider’s stock worth $546,000 after buying an additional 866 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Bank of America upped their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Raymond James decreased their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Finally, TD Cowen increased their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company 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 on Thursday, hitting $74.86. 6,374,160 shares of the stock traded hands, compared to its average volume of 7,758,854. The company has a market capitalization of $132.96 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The stock has a 50-day moving average of $69.47 and a 200 day moving average of $63.68. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $75.55.

Charles Schwab Announces Dividend

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

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now directly owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Charles R. Schwab sold 89,275 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the transaction, the chairman now owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a legal filing 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 transaction, 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. Insiders sold a total of 389,167 shares of company stock valued at $26,987,035 over the last 90 days. 6.60% of the stock is owned by company insiders.

About Charles Schwab

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.