Psagot Value Holdings Ltd. Israel Trims Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Psagot Value Holdings Ltd. Israel reduced its stake in The Charles Schwab Co. (NYSE:SCHWGet Rating) by 18.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,570 shares of the financial services provider’s stock after selling 1,261 shares during the period. Psagot Value Holdings Ltd. Israel’s holdings in Charles Schwab were worth $470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBK Financial Inc. purchased a new stake in Charles Schwab in the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC increased its stake in Charles Schwab by 104.5% during the first quarter. Princeton Global Asset Management LLC now owns 321 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 164 shares during the period. Roble Belko & Company Inc purchased a new stake in Charles Schwab during the first quarter worth about $30,000. Joseph P. Lucia & Associates LLC purchased a new stake in Charles Schwab during the first quarter worth about $33,000. Finally, Worth Asset Management LLC purchased a new stake in Charles Schwab during the first quarter worth about $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 8,032 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $75.00, for a total value of $602,400.00. Following the completion of the sale, the insider now owns 4,019 shares in the company, valued at $301,425. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Jonathan M. Craig sold 8,032 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $75.00, for a total transaction of $602,400.00. Following the completion of the sale, the insider now owns 4,019 shares in the company, valued at $301,425. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 149,600 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $65.36, for a total value of $9,777,856.00. Following the sale, the chairman now owns 69,749,230 shares of the company’s stock, valued at approximately $4,558,809,672.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 277,632 shares of company stock worth $17,904,256. 7.50% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of SCHW opened at $74.54 on Friday. The stock has a 50 day moving average price of $68.51 and a 200 day moving average price of $71.86. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $135.50 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 0.94 and a beta of 1.07. The Charles Schwab Co. has a 52-week low of $59.35 and a 52-week high of $96.24.

Charles Schwab (NYSE:SCHWGet Rating) last announced its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.04 billion. Charles Schwab had a return on equity of 16.82% and a net margin of 33.09%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 earnings per share. Research analysts predict that The Charles Schwab Co. will post 3.9 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a $0.22 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.88 dividend on an annualized basis and a yield of 1.18%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.20. Charles Schwab’s payout ratio is currently 28.95%.

Analyst Ratings Changes

A number of brokerages have issued reports on SCHW. Barclays began coverage on shares of Charles Schwab in a research note on Wednesday, August 31st. They set an “equal weight” rating and a $81.00 price target on the stock. Morgan Stanley cut their price target on shares of Charles Schwab from $98.00 to $93.00 and set an “overweight” rating on the stock in a research note on Monday, August 1st. Redburn Partners began coverage on shares of Charles Schwab in a research note on Thursday, June 23rd. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charles Schwab from $90.00 to $95.00 in a research note on Friday, August 19th. Finally, UBS Group boosted their price objective on Charles Schwab from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.92.

Charles Schwab Company Profile

(Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

Further Reading

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

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