The Charles Schwab Co. (NYSE:SCHW) Stock Holdings Lowered by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,929 shares of the financial services provider’s stock after selling 229 shares during the quarter. Charles Schwab accounts for 1.4% of Van Cleef Asset Management Inc’s holdings, making the stock its 19th biggest position. Van Cleef Asset Management Inc’s holdings in Charles Schwab were worth $10,177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sugarloaf Wealth Management LLC raised its holdings in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab in the fourth quarter worth approximately $31,000. Hall Laurie J Trustee purchased a new position in shares of Charles Schwab in the fourth quarter worth approximately $34,000. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab in the third quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 268 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Down 0.4 %

SCHW stock traded down $0.33 during trading hours on Thursday, hitting $74.86. The company’s stock had a trading volume of 6,374,160 shares, compared to its average volume of 7,758,854. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization 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 Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $75.55. The stock has a 50 day moving average price of $69.27 and a two-hundred day moving average price of $63.60.

Charles Schwab Announces Dividend

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

Insider Activity at Charles Schwab

In related news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the transaction, the chairman now directly owns 30,641,981 shares in the company, valued at approximately $2,286,504,622.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter B. Crawford sold 5,482 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 389,167 shares of company stock worth $26,987,035. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SCHW. Bank of America lifted their target price on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” 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 report on Tuesday, March 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Barclays boosted their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Finally, TD Cowen boosted 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $74.47.

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.