Logan Capital Management Inc. Has $71,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Logan Capital Management Inc. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 90.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 959 shares of the financial services provider’s stock after selling 8,770 shares during the period. Logan Capital Management Inc.’s holdings in Charles Schwab were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SCHW. Norges Bank bought a new stake in shares of Charles Schwab during the fourth quarter worth approximately $1,289,544,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Charles Schwab by 354.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 11,005,881 shares of the financial services provider’s stock valued at $814,545,000 after buying an additional 8,584,173 shares during the period. FMR LLC boosted its stake in shares of Charles Schwab by 69.4% in the fourth quarter. FMR LLC now owns 9,700,013 shares of the financial services provider’s stock valued at $717,898,000 after buying an additional 3,974,940 shares during the period. Marshall Wace LLP boosted its stake in shares of Charles Schwab by 742.0% in the fourth quarter. Marshall Wace LLP now owns 4,181,202 shares of the financial services provider’s stock valued at $309,451,000 after buying an additional 3,684,640 shares during the period. Finally, Primecap Management Co. CA boosted its stake in shares of Charles Schwab by 310.3% in the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider’s stock valued at $314,716,000 after buying an additional 3,216,000 shares during the period. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SCHW. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price target on shares of Charles Schwab in a research note on Monday, April 21st. Barclays cut their price target on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company cut their target price on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley upped their target price on Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.61.

Insider Buying and Selling

In related news, Director Frank C. Herringer sold 3,592 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the transaction, the director now owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan M. Craig sold 9,559 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $82.00, for a total transaction of $783,838.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,412 shares of company stock valued at $3,014,797. Company insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $86.21 on Wednesday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50-day moving average is $77.86 and its 200 day moving average is $78.08. The stock has a market capitalization of $156.35 billion, a P/E ratio of 28.83, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the firm earned $0.74 earnings per share. On average, sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.25%. 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.