ASB Consultores LLC Cuts Stake in The Charles Schwab Co. (NYSE:SCHW)

ASB Consultores LLC reduced its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 51.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,709 shares of the financial services provider’s stock after selling 6,989 shares during the period. ASB Consultores LLC’s holdings in Charles Schwab were worth $494,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCHW. Price T Rowe Associates Inc. MD raised its holdings in Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock valued at $4,771,985,000 after buying an additional 17,369,091 shares during the period. Morningstar Investment Services LLC grew its position in Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after acquiring an additional 2,322,156 shares in the last quarter. Mondrian Investment Partners LTD grew its position in Charles Schwab by 28,736.1% in the first quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock valued at $107,471,000 after acquiring an additional 1,480,485 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Charles Schwab in the first quarter valued at approximately $105,563,000. Finally, Wellington Management Group LLP grew its position in Charles Schwab by 13.3% in the fourth quarter. Wellington Management Group LLP now owns 11,668,610 shares of the financial services provider’s stock valued at $802,800,000 after acquiring an additional 1,373,223 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.10, for a total transaction of $802,032.00. Following the completion of the transaction, the director now owns 562,129 shares in the company, valued at $36,594,597.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total transaction of $802,032.00. Following the transaction, the director now directly owns 562,129 shares of the company’s stock, valued at $36,594,597.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 780 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,355,175. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,636 shares of company stock worth $5,880,654. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SCHW shares. Jefferies Financial Group increased their price objective on shares of Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Morgan Stanley lowered their price objective on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Barclays decreased their price target on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Bank of America decreased their price target on shares of Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Finally, StockNews.com downgraded shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.75.

Charles Schwab Stock Up 1.9 %

Shares of Charles Schwab stock opened at $64.75 on Friday. The stock has a market capitalization of $115.15 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.19 and a beta of 0.97. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The business’s 50 day simple moving average is $64.48 and its 200-day simple moving average is $69.95.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that The Charles Schwab Co. will post 3.05 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.