Chapman Investment Management LLC Has $679,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Chapman Investment Management LLC trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 58.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,170 shares of the financial services provider’s stock after selling 13,154 shares during the period. Charles Schwab accounts for approximately 0.5% of Chapman Investment Management LLC’s holdings, making the stock its 25th largest position. Chapman Investment Management LLC’s holdings in Charles Schwab were worth $679,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Merit Financial Group LLC lifted its holdings in Charles Schwab by 230.1% in the 4th quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 23,383 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Charles Schwab by 2,840.7% in the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 5,937 shares during the period. Synovus Financial Corp lifted its stake in shares of Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock worth $4,400,000 after buying an additional 21,377 shares during the last quarter. Oregon Pacific Wealth Management LLC bought a new stake in shares of Charles Schwab during the 4th quarter worth $688,000. Finally, Golden State Equity Partners grew its stake in Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider’s stock valued at $903,000 after buying an additional 9,108 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SCHW. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $103.00 in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Jefferies Financial Group increased their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, UBS Group increased their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.33.

Insiders Place Their Bets

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 502,859 shares of company stock valued at $41,161,496. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Stock Up 1.4 %

Shares of SCHW opened at $81.49 on Wednesday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $77.99 and a two-hundred day moving average price of $72.70. The stock has a market cap of $145.14 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 0.97 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. Equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

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.