Rockefeller Capital Management L.P. Lowers Stake in The Charles Schwab Co. (NYSE:SCHW)

Rockefeller Capital Management L.P. reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 13.0% in the third quarter, HoldingsChannel reports. The fund owned 266,203 shares of the financial services provider’s stock after selling 39,865 shares during the period. Rockefeller Capital Management L.P.’s holdings in Charles Schwab were worth $17,257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Advisors LLC grew its stake in shares of Charles Schwab by 126.0% in the first quarter. Cetera Advisors LLC now owns 65,976 shares of the financial services provider’s stock worth $4,773,000 after acquiring an additional 36,782 shares during the period. Transcend Capital Advisors LLC grew its stake in shares of Charles Schwab by 17.0% in the second quarter. Transcend Capital Advisors LLC now owns 4,981 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 725 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Charles Schwab by 25.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 5,790 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 1,169 shares during the period. Versant Capital Management Inc grew its stake in shares of Charles Schwab by 302.2% in the second quarter. Versant Capital Management Inc now owns 555 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 417 shares during the period. Finally, Trust Co. of Toledo NA OH grew its stake in shares of Charles Schwab by 32.8% in the second quarter. Trust Co. of Toledo NA OH now owns 4,352 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 1,075 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Price Performance

SCHW stock opened at $82.76 on Monday. The Charles Schwab Co. has a one year low of $59.61 and a one year high of $83.35. The company’s fifty day moving average price is $72.37 and its 200-day moving average price is $69.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $147.28 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is presently 39.06%.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 127,968 shares of company stock worth $9,419,271. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Citigroup dropped their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Bank of America dropped their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $75.56.

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.