Stanley Laman Group Ltd. Sells 4,836 Shares of The Charles Schwab Co. (NYSE:SCHW)

Stanley Laman Group Ltd. lowered its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 9.3% in the second quarter, HoldingsChannel reports. The firm owned 46,984 shares of the financial services provider’s stock after selling 4,836 shares during the period. Stanley Laman Group Ltd.’s holdings in Charles Schwab were worth $3,462,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SCHW. Morningstar Investment Services LLC grew its stake in Charles Schwab by 98.0% in the 4th quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after buying an additional 2,322,156 shares during the last quarter. Brown Advisory Inc. boosted its stake in Charles Schwab by 24.3% in the 4th quarter. Brown Advisory Inc. now owns 4,393,223 shares of the financial services provider’s stock valued at $302,254,000 after purchasing an additional 857,734 shares during the period. M&G Plc acquired a new position in Charles Schwab in the 1st quarter valued at $11,452,000. Retirement Systems of Alabama increased its position in Charles Schwab by 13.0% during the 4th quarter. Retirement Systems of Alabama now owns 1,329,388 shares of the financial services provider’s stock worth $91,462,000 after buying an additional 152,967 shares during the period. Finally, Wright Investors Service Inc. lifted its holdings in shares of Charles Schwab by 9.3% during the fourth quarter. Wright Investors Service Inc. now owns 47,164 shares of the financial services provider’s stock worth $3,245,000 after buying an additional 4,001 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.5 %

Charles Schwab stock traded up $0.32 during midday trading on Friday, hitting $65.55. 5,335,188 shares of the stock were exchanged, compared to its average volume of 8,024,689. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49. The stock has a market capitalization of $116.50 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99. The business’s 50-day moving average price is $69.14 and its 200-day moving average price is $69.93. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. On average, research analysts expect that The Charles Schwab Co. will post 3.06 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is currently 41.84%.

Analyst Ratings Changes

A number of research firms have issued reports on SCHW. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com downgraded Charles Schwab from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Barclays dropped their price objective on shares of Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. TD Cowen reaffirmed a “hold” rating and set a $71.00 price target (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.27.

Insider Activity

In related news, CEO Walter W. Bettinger purchased 25,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was acquired at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the purchase, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Walter W. Bettinger purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was bought at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the acquisition, the chief executive officer now directly owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the sale, the insider now owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders have sold a total of 181,911 shares of company stock valued at $12,541,978 over the last quarter. 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.