Massmutual Trust Co. FSB ADV Acquires 716 Shares of The Charles Schwab Co. (NYSE:SCHW)

Massmutual Trust Co. FSB ADV grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 18.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,621 shares of the financial services provider’s stock after purchasing an additional 716 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Charles Schwab were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares during the last quarter. Norges Bank acquired a new stake in Charles Schwab in the 4th quarter worth approximately $950,192,000. Ameriprise Financial Inc. lifted its holdings in Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after purchasing an additional 4,624,302 shares during the last quarter. Boston Partners boosted its position in Charles Schwab by 424.7% during the fourth quarter. Boston Partners now owns 4,451,090 shares of the financial services provider’s stock worth $305,400,000 after purchasing an additional 3,602,830 shares during the period. Finally, Morningstar Investment Services LLC grew its holdings in Charles Schwab by 98.0% during the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock valued at $326,284,000 after purchasing an additional 2,322,156 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.2 %

Shares of SCHW stock opened at $72.71 on Friday. The stock has a market cap of $129.23 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a fifty day moving average price of $74.24 and a 200 day moving average price of $69.33. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.71 billion. Analysts predict that The Charles Schwab Co. will post 3.26 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SCHW. StockNews.com cut shares of Charles Schwab from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. JMP Securities reissued a “market outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Tuesday, May 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $76.00 price target on shares of Charles Schwab in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, UBS Group increased their target price on Charles Schwab from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $74.65.

Insider Transactions at Charles Schwab

In other Charles Schwab news, COO Joseph R. Martinetto sold 43,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $70.83, for a total value of $3,045,690.00. Following the sale, the chief operating officer now directly owns 41,414 shares in the company, valued at $2,933,353.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joseph R. Martinetto sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $70.83, for a total value of $3,045,690.00. Following the completion of the transaction, the chief operating officer now directly owns 41,414 shares in the company, valued at $2,933,353.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 649,663 shares of company stock valued at $48,344,736. Corporate insiders own 6.60% of the company’s stock.

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.