Robertson Stephens Wealth Management LLC Acquires 698 Shares of The Charles Schwab Co. (NYSE:SCHW)

Robertson Stephens Wealth Management LLC increased its stake in The Charles Schwab Co. (NYSE:SCHW) by 12.2% during the 4th quarter, Holdings Channel reports. The firm owned 6,412 shares of the financial services provider’s stock after purchasing an additional 698 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Charles Schwab were worth $441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sugarloaf Wealth Management LLC lifted its stake 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 worth $30,000 after purchasing an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Charles Schwab during the 4th quarter valued at about $31,000. Hall Laurie J Trustee bought a new stake in Charles Schwab in the 4th quarter worth approximately $34,000. Providence Capital Advisors LLC purchased a new stake in Charles Schwab in the third quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc grew its position in Charles Schwab by 81.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 268 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 59,906 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the transaction, the chairman now owns 61,038,701 shares in the company, valued at approximately $4,564,474,060.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Charles R. Schwab sold 59,906 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $74.78, for a total transaction of $4,479,770.68. Following the sale, the chairman now owns 61,038,701 shares in the company, valued at approximately $4,564,474,060.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 59,905 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $74.96, for a total transaction of $4,490,478.80. Following the completion of the sale, the chairman now directly owns 61,098,607 shares in the company, valued at $4,579,951,580.72. The disclosure for this sale can be found here. Insiders sold a total of 514,459 shares of company stock valued at $36,371,155 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SCHW shares. Morgan Stanley upped their price objective on shares of Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Raymond James decreased their price objective on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Barclays increased their target price on Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Citigroup lifted their price target on Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, April 16th. Two investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.47.

Charles Schwab Stock Performance

NYSE:SCHW opened at $76.04 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $76.47. The stock has a market cap of $135.05 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The firm’s fifty day simple moving average is $70.52 and its 200 day simple moving average is $64.48.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.