Aviance Capital Management LLC trimmed its position in Charles Schwab Corp (NYSE:SCHW) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,903 shares of the financial services provider’s stock after selling 3,321 shares during the period. Aviance Capital Management LLC’s holdings in Charles Schwab were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Charles Schwab by 0.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 876,236 shares of the financial services provider’s stock worth $45,012,000 after buying an additional 4,221 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in Charles Schwab by 19.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 7,072 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 1,145 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Charles Schwab by 4.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 114,537 shares of the financial services provider’s stock valued at $5,884,000 after purchasing an additional 4,400 shares during the last quarter. Penserra Capital Management LLC raised its stake in Charles Schwab by 1,489.7% during the 4th quarter. Penserra Capital Management LLC now owns 59,900 shares of the financial services provider’s stock valued at $3,077,000 after purchasing an additional 56,132 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Charles Schwab by 11.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 36,993 shares of the financial services provider’s stock valued at $1,900,000 after purchasing an additional 3,772 shares during the last quarter. Institutional investors and hedge funds own 79.47% of the company’s stock.

Shares of Charles Schwab Corp (NYSE SCHW) opened at $52.40 on Thursday. The stock has a market cap of $68,570.47, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.63. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. Charles Schwab Corp has a fifty-two week low of $37.16 and a fifty-two week high of $56.25.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. equities research analysts forecast that Charles Schwab Corp will post 2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s payout ratio is 24.84%.

In other news, EVP Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $45.79, for a total value of $457,900.00. Following the sale, the executive vice president now owns 33,441 shares of the company’s stock, valued at approximately $1,531,263.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bernard J. Clark sold 50,444 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $50.52, for a total transaction of $2,548,430.88. The disclosure for this sale can be found here. Insiders sold a total of 1,658,944 shares of company stock worth $85,578,020 in the last three months. Insiders own 12.00% of the company’s stock.

Several equities analysts recently commented on SCHW shares. SunTrust Banks upped their target price on shares of Charles Schwab to $56.00 and gave the company an “average” rating in a research note on Friday, December 15th. They noted that the move was a valuation call. Argus upped their target price on shares of Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Credit Suisse Group reiterated a “buy” rating and set a $64.00 target price (up from $55.00) on shares of Charles Schwab in a research note on Friday, January 12th. Citigroup reiterated a “buy” rating and set a $60.00 target price (up from $52.00) on shares of Charles Schwab in a research note on Tuesday, January 9th. Finally, Deutsche Bank upped their target price on shares of Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.88.

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Charles Schwab Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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

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