Azimuth Capital Management LLC reduced its stake in Charles Schwab Co. (NYSE:SCHW) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,340 shares of the financial services provider’s stock after selling 1,145 shares during the quarter. Azimuth Capital Management LLC’s holdings in Charles Schwab were worth $9,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of The West lifted its position in Charles Schwab by 1.9% during the 4th quarter. Bank of The West now owns 105,131 shares of the financial services provider’s stock worth $5,400,000 after buying an additional 1,948 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new stake in Charles Schwab during the 4th quarter worth about $5,306,000. Aviance Capital Partners LLC lifted its position in Charles Schwab by 52.1% during the 4th quarter. Aviance Capital Partners LLC now owns 59,944 shares of the financial services provider’s stock worth $3,079,000 after buying an additional 20,531 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in Charles Schwab by 7.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 193,215 shares of the financial services provider’s stock worth $9,925,000 after buying an additional 13,455 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Charles Schwab by 5.2% during the 4th quarter. BlackRock Inc. now owns 79,858,312 shares of the financial services provider’s stock worth $4,102,323,000 after buying an additional 3,943,376 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Jonathan M. Craig sold 10,000 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $60.00, for a total value of $600,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan M. Craig sold 8,046 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $54.31, for a total transaction of $436,978.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,261,013 shares of company stock worth $128,166,214. 11.50% of the stock is owned by company insiders.

Several equities research analysts have commented on the stock. Credit Suisse Group cut their price target on shares of Charles Schwab from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, April 23rd. Jefferies Group reissued a “buy” rating and set a $65.00 price target on shares of Charles Schwab in a research report on Friday, April 20th. Morgan Stanley boosted their price target on shares of Charles Schwab from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 10th. SunTrust Banks reissued a “buy” rating on shares of Charles Schwab in a research report on Wednesday, February 14th. Finally, Sanford C. Bernstein assumed coverage on shares of Charles Schwab in a research report on Monday, April 9th. They set a “market perform” rating and a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.53.

Charles Schwab stock opened at $55.62 on Friday. The stock has a market cap of $74.39 billion, a PE ratio of 33.91, a PEG ratio of 1.35 and a beta of 1.56. Charles Schwab Co. has a fifty-two week low of $37.63 and a fifty-two week high of $60.22. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, April 16th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.38 billion. Charles Schwab had a net margin of 28.80% and a return on equity of 16.84%. Charles Schwab’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. research analysts expect that Charles Schwab Co. will post 2.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. Charles Schwab’s dividend payout ratio (DPR) is currently 24.39%.

About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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

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