Jump Financial LLC Decreases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Jump Financial LLC cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 23.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,728 shares of the financial services provider’s stock after selling 78,669 shares during the quarter. Jump Financial LLC’s holdings in Charles Schwab were worth $19,370,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Gladstone Institutional Advisory LLC lifted its holdings in Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after buying an additional 125 shares in the last quarter. Klingman & Associates LLC grew its position in Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after buying an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its position in shares of Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 130 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on SCHW. Morgan Stanley raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 price target for the company in a research note on Tuesday, April 8th. JMP Securities reduced their price objective on Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Wells Fargo & Company cut their price target on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays lowered their price target on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.33.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the completion of the sale, the insider now owns 45,824 shares of the company’s stock, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock valued at $41,903,066 in the last quarter. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

NYSE SCHW opened at $76.88 on Tuesday. The business has a 50-day moving average price of $77.67 and a 200-day moving average price of $76.32. The firm has a market cap of $139.43 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, equities research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Charles Schwab 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.