Marco Investment Management LLC boosted its stake in The Charles Schwab Co. (NYSE:SCHW – Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,643 shares of the financial services provider’s stock after buying an additional 3,704 shares during the quarter. Marco Investment Management LLC’s holdings in Charles Schwab were worth $4,015,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in Charles Schwab by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 1,452 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Charles Schwab by 4.3% in the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 259 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Charles Schwab by 25.4% in the first quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 2,648 shares in the last quarter. Brighton Jones LLC boosted its stake in Charles Schwab by 7.5% in the first quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 267 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Charles Schwab by 16.6% in the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

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Charles Schwab Trading Down 4.5 %

Shares of SCHW stock traded down $2.69 on Tuesday, hitting $56.71. The stock had a trading volume of 5,000,100 shares, compared to its average volume of 17,541,697. The Charles Schwab Co. has a twelve month low of $45.00 and a twelve month high of $86.63. The firm has a market cap of $100.39 billion, a P/E ratio of 17.32, a PEG ratio of 3.43 and a beta of 0.91. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average price of $60.28 and a two-hundred day moving average price of $59.89.

Charles Schwab Announces Dividend

Charles Schwab ( NYSE:SCHW Get Free Report ) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. Charles Schwab had a net margin of 33.15% and a return on equity of 27.54%. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The firm’s revenue was down 8.6% on a year-over-year basis. As a group, analysts forecast that The Charles Schwab Co. will post 3.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, August 10th. Charles Schwab’s payout ratio is presently 29.15%.

Insider Buying and Selling

In related news, Director Charles A. Ruffel bought 833 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $60.55 per share, with a total value of $50,438.15. Following the purchase, the director now owns 3,386 shares in the company, valued at $205,022.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Charles A. Ruffel bought 833 shares of Charles Schwab stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $60.55 per share, with a total value of $50,438.15. Following the purchase, the director now owns 3,386 shares in the company, valued at $205,022.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 75,760 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $66.60, for a total transaction of $5,045,616.00. Following the completion of the transaction, the chairman now directly owns 59,672,778 shares of the company’s stock, valued at $3,974,207,014.80. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SCHW shares. StockNews.com started coverage on Charles Schwab in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. The Goldman Sachs Group boosted their price objective on Charles Schwab from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. JMP Securities upped their price target on Charles Schwab from $73.00 to $77.00 in a research note on Wednesday, July 19th. Barclays raised their price target on Charles Schwab from $62.00 to $70.00 in a report on Wednesday, July 19th. Finally, Citigroup boosted their price objective on Charles Schwab from $65.00 to $75.00 in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.09.

Check Out Our Latest Report on SCHW

Charles Schwab Profile

(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. The company operates in two segments, Investor Services and Advisor Services.

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