Winslow Asset Management Inc. Buys 2,204 Shares of The Charles Schwab Co. (NYSE:SCHW)

Winslow Asset Management Inc. raised its stake in The Charles Schwab Co. (NYSE:SCHWFree Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,538 shares of the financial services provider’s stock after acquiring an additional 2,204 shares during the quarter. Charles Schwab comprises 2.5% of Winslow Asset Management Inc.’s holdings, making the stock its 11th largest position. Winslow Asset Management Inc.’s holdings in Charles Schwab were worth $12,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after purchasing an additional 17,369,091 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Charles Schwab by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after acquiring an additional 1,219,015 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Charles Schwab by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after acquiring an additional 296,317 shares in the last quarter. Invesco Ltd. boosted its position in shares of Charles Schwab by 3.3% during the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after acquiring an additional 502,304 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Charles Schwab by 2.3% during the 3rd quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after acquiring an additional 356,112 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Down 0.3 %

NYSE SCHW traded down $0.21 during mid-day trading on Friday, reaching $73.18. 2,465,124 shares of the stock were exchanged, compared to its average volume of 7,359,335. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The stock has a 50 day simple moving average of $74.12 and a 200-day simple moving average of $68.85. The stock has a market cap of $130.06 billion, a P/E ratio of 30.39, a P/E/G ratio of 1.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. On average, analysts anticipate that The Charles Schwab Co. will post 3.26 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several analyst reports. Citigroup increased their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. UBS Group raised their target price on shares of Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Morgan Stanley raised their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, StockNews.com lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.65.

Check Out Our Latest Stock Analysis on Charles Schwab

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $73.46, for a total transaction of $402,707.72. Following the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 655,476 shares of company stock valued at $48,718,705. Corporate insiders own 6.60% of the company’s stock.

About Charles Schwab

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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