Jacobs & Co. CA Sells 471 Shares of The Charles Schwab Co. (NYSE:SCHW)

Jacobs & Co. CA trimmed its stake in The Charles Schwab Co. (NYSE:SCHW) by 0.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,166 shares of the financial services provider’s stock after selling 471 shares during the period. Charles Schwab accounts for approximately 1.4% of Jacobs & Co. CA’s holdings, making the stock its 24th largest position. Jacobs & Co. CA’s holdings in Charles Schwab were worth $13,085,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SCHW. Brighton Jones LLC boosted its holdings in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after buying an additional 19,195 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Charles Schwab in the 4th quarter valued at about $221,000. Pacer Advisors Inc. increased its stake in Charles Schwab by 7.4% during the fourth quarter. Pacer Advisors Inc. now owns 119,588 shares of the financial services provider’s stock worth $8,851,000 after acquiring an additional 8,223 shares during the last quarter. Stonegate Investment Group LLC purchased a new stake in Charles Schwab during the fourth quarter valued at approximately $224,000. Finally, BSW Wealth Partners raised its holdings in Charles Schwab by 9.5% in the fourth quarter. BSW Wealth Partners now owns 6,401 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 554 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. The trade was a 17.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders sold 96,088 shares of company stock valued at $8,105,928 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SCHW. Cowen restated a “buy” rating on shares of Charles Schwab in a report on Tuesday, May 20th. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Tuesday, April 22nd. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company lowered their price objective on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus target price of $89.63.

Charles Schwab Stock Down 0.7%

SCHW stock opened at $88.02 on Thursday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.85. 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 firm has a 50-day simple moving average of $80.53 and a 200-day simple moving average of $79.24. The stock has a market capitalization of $159.92 billion, a P/E ratio of 29.44, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the business earned $0.74 EPS. Equities analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.23%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Charles Schwab 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.