Boston Common Asset Management LLC Has $17.81 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Boston Common Asset Management LLC trimmed its holdings in The Charles Schwab Co. (NYSE:SCHW) by 32.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,646 shares of the financial services provider’s stock after selling 113,207 shares during the quarter. Boston Common Asset Management LLC’s holdings in Charles Schwab were worth $17,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SCHW. Relyea Zuckerberg Hanson LLC lifted its position in Charles Schwab by 2.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 148 shares during the period. Avanza Fonder AB acquired a new position in Charles Schwab in the fourth quarter valued at about $7,763,000. Procyon Advisors LLC grew its position in Charles Schwab by 41.1% during the 4th quarter. Procyon Advisors LLC now owns 4,848 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 1,411 shares during the last quarter. Cypress Wealth Services LLC grew its holdings in shares of Charles Schwab by 3.6% during the fourth quarter. Cypress Wealth Services LLC now owns 8,311 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 285 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in Charles Schwab by 8.9% in the 4th quarter. Ritholtz Wealth Management now owns 17,573 shares of the financial services provider’s stock valued at $1,301,000 after acquiring an additional 1,429 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Citigroup lowered their price target on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Raymond James cut their price objective on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.63.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is owned by company insiders.

Charles Schwab Stock Performance

NYSE SCHW traded up $0.66 on Friday, hitting $76.17. 1,264,543 shares of the stock were exchanged, compared to its average volume of 7,445,604. The business’s fifty day moving average is $77.58 and its 200 day moving average is $70.60. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.35. The company has a market capitalization of $135.56 billion, a PE ratio of 29.71, a P/E/G ratio of 1.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Research analysts anticipate that The Charles Schwab Co. will post 3.13 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. Charles Schwab’s payout ratio is 39.06%.

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.