Financial Partners Group LLC Sells 1,347 Shares of The Charles Schwab Co. (NYSE:SCHW)

Financial Partners Group LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,745 shares of the financial services provider’s stock after selling 1,347 shares during the period. Charles Schwab accounts for about 1.0% of Financial Partners Group LLC’s investment portfolio, making the stock its 29th largest position. Financial Partners Group LLC’s holdings in Charles Schwab were worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SCHW. Price T Rowe Associates Inc. MD raised its holdings in shares of Charles Schwab by 33.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after acquiring an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Charles Schwab by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock valued at $2,132,454,000 after purchasing an additional 1,219,015 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Charles Schwab by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after buying an additional 296,317 shares in the last quarter. Norges Bank bought a new position in shares of Charles Schwab in the 4th quarter valued at about $950,192,000. Finally, Putnam Investments LLC increased its stake in Charles Schwab by 4.8% during the fourth quarter. Putnam Investments LLC now owns 12,237,705 shares of the financial services provider’s stock worth $841,954,000 after acquiring an additional 560,110 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

SCHW has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, May 31st. TD Cowen reduced their target price on shares of Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $76.00 price objective on shares of Charles Schwab in a research report on Monday, June 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.56.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the transaction, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at $4,449,251.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 5,482 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares in the company, valued at $4,449,251.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total transaction of $724,000.00. Following the completion of the sale, the insider now owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The disclosure for this sale can be found here. Insiders have sold a total of 658,663 shares of company stock valued at $48,997,146 over the last ninety days. 6.60% of the stock is owned by company insiders.

Charles Schwab Trading Up 0.2 %

Shares of NYSE:SCHW traded up $0.13 during trading on Friday, reaching $73.69. 8,997,560 shares of the company were exchanged, compared to its average volume of 5,743,318. The firm has a market capitalization of $130.97 billion, a PE ratio of 30.83, a P/E/G ratio of 1.14 and a beta of 0.96. The business’s fifty day simple moving average is $74.42 and its 200-day simple moving average is $69.84. The Charles Schwab Co. has a 12-month low of $48.66 and a 12-month high of $79.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. On average, research analysts anticipate that The Charles Schwab Co. will post 3.25 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s payout ratio is 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.