Mitsubishi UFJ Trust & Banking Corp Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 40.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 906,800 shares of the financial services provider’s stock after selling 603,712 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of Charles Schwab worth $65,598,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SCHW. Frazier Financial Advisors LLC acquired a new stake in shares of Charles Schwab in the fourth quarter valued at $30,000. Wetzel Investment Advisors Inc. purchased a new stake in Charles Schwab during the fourth quarter worth about $31,000. Tributary Capital Management LLC acquired a new stake in shares of Charles Schwab during the first quarter worth about $31,000. Glass Jacobson Investment Advisors llc lifted its position in shares of Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 268 shares in the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in Charles Schwab during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCHW. JPMorgan Chase & Co. decreased their price objective on Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley decreased their price target on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. Jefferies Financial Group increased their price objective on shares of Charles Schwab from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 8th. TD Cowen reaffirmed a “hold” rating and set a $71.00 price objective (down from $88.00) on shares of Charles Schwab in a research report on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $75.07.

Charles Schwab Stock Performance

Shares of SCHW traded down $0.19 during mid-day trading on Friday, reaching $62.08. 14,768,627 shares of the company’s stock were exchanged, compared to its average volume of 9,815,015. The business’s fifty day simple moving average is $73.30 and its 200-day simple moving average is $70.09. The stock has a market capitalization of $110.33 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.05 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week 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 Tuesday, July 16th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Charles Schwab had a net margin of 26.30% and a return on equity of 18.65%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the firm posted $0.75 EPS. Charles Schwab’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts expect that The Charles Schwab Co. will post 3.09 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.61%. Charles Schwab’s payout ratio is 41.84%.

Insider Activity

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the sale, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the transaction, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Walter W. Bettinger acquired 25,000 shares of Charles Schwab stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the transaction, the chief executive officer now owns 827,377 shares of the company’s stock, valued at $54,822,000.02. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 555,745 shares of company stock valued at $41,625,143. Company insiders own 6.60% of the company’s stock.

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.