Boston Partners Has $30.75 Million Position in Charles Schwab Corp (NYSE:SCHW)

Boston Partners reduced its position in Charles Schwab Corp (NYSE:SCHW) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,544 shares of the financial services provider’s stock after selling 33,603 shares during the quarter. Boston Partners’ holdings in Charles Schwab were worth $30,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHW. Atria Investments LLC boosted its position in Charles Schwab by 11.8% in the fourth quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock valued at $930,000 after buying an additional 1,907 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Charles Schwab by 311.7% in the fourth quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock valued at $7,272,000 after acquiring an additional 107,221 shares during the period. CAPROCK Group Inc. lifted its holdings in Charles Schwab by 22.3% in the third quarter. CAPROCK Group Inc. now owns 6,532 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 1,190 shares during the period. Sentry Investment Management LLC lifted its holdings in Charles Schwab by 11.6% in the second quarter. Sentry Investment Management LLC now owns 96,298 shares of the financial services provider’s stock valued at $4,137,000 after acquiring an additional 9,971 shares during the period. Finally, Columbus Circle Investors acquired a new position in Charles Schwab in the third quarter valued at approximately $49,394,000. Institutional investors own 79.47% of the company’s stock.

Shares of Charles Schwab Corp (NYSE:SCHW) opened at $52.91 on Thursday. The firm has a market capitalization of $68,570.47, a PE ratio of 32.55, a PEG ratio of 1.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. Charles Schwab Corp has a 12-month low of $37.16 and a 12-month high of $56.25.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. research analysts forecast that Charles Schwab Corp will post 2.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.10 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is 24.84%.

In other Charles Schwab news, EVP Terri R. Kallsen sold 1,982 shares of Charles Schwab stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.55, for a total value of $100,190.10. Following the transaction, the executive vice president now directly owns 1,706 shares in the company, valued at approximately $86,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $45.79, for a total value of $457,900.00. Following the completion of the sale, the executive vice president now owns 33,441 shares in the company, valued at $1,531,263.39. The disclosure for this sale can be found here. Insiders sold a total of 1,658,944 shares of company stock worth $85,578,020 over the last quarter. Company insiders own 12.00% of the company’s stock.

SCHW has been the subject of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating on shares of Charles Schwab in a research note on Wednesday. Credit Suisse Group reduced their target price on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Citigroup downgraded Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price objective for the company. in a research note on Wednesday, February 7th. Morgan Stanley increased their price objective on Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Nomura reissued a “neutral” rating and issued a $54.00 price objective (up from $50.00) on shares of Charles Schwab in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $53.88.

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Charles Schwab Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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