Los Angeles Capital Management LLC Has $76.79 Million Holdings in The Charles Schwab Co. (NYSE:SCHW)

Los Angeles Capital Management LLC decreased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 17.1% during the first quarter, Holdings Channel.com reports. The firm owned 1,061,544 shares of the financial services provider’s stock after selling 218,861 shares during the period. Los Angeles Capital Management LLC’s holdings in Charles Schwab were worth $76,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at about $28,000. Sugarloaf Wealth Management LLC raised its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Charles Schwab during the fourth quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in Charles Schwab in the fourth quarter valued at approximately $31,000. Finally, Hall Laurie J Trustee bought a new stake in Charles Schwab in the fourth quarter worth approximately $34,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded up $0.03 during trading on Wednesday, hitting $72.84. 5,868,562 shares of the company’s stock traded hands, compared to its average volume of 6,418,687. The company has a market cap of $129.46 billion, a PE ratio of 30.48, a PEG ratio of 1.12 and a beta of 0.96. The firm’s fifty day moving average price is $74.16 and its 200 day moving average price is $69.28. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve 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 announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. Analysts forecast that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Insider Activity

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $78.41, for a total value of $705,690.00. Following the transaction, the director now owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total value of $1,771,079.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $78.41, for a total transaction of $705,690.00. Following the completion of the transaction, the director now directly owns 574,257 shares in the company, valued at $45,027,491.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 663,640 shares of company stock worth $49,331,005. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SCHW shares. Bank of America lifted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $76.00 price target on shares of Charles Schwab in a research report on Monday. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, May 28th. TD Cowen cut their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, UBS Group upped their target price on Charles Schwab from $87.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $74.65.

About Charles Schwab

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.