AQR Capital Management LLC Decreases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

AQR Capital Management LLC lowered its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 39.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,559 shares of the financial services provider’s stock after selling 101,149 shares during the period. AQR Capital Management LLC’s holdings in Charles Schwab were worth $11,463,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SCHW. Morningstar Investment Services LLC grew its stake in shares of Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider’s stock worth $326,284,000 after purchasing an additional 2,322,156 shares during the last quarter. M&G Plc bought a new stake in shares of Charles Schwab in the 1st quarter worth approximately $11,452,000. Daiwa Securities Group Inc. increased its stake in shares of Charles Schwab by 10.4% during the first quarter. Daiwa Securities Group Inc. now owns 190,597 shares of the financial services provider’s stock valued at $13,788,000 after buying an additional 17,925 shares during the period. Wedmont Private Capital raised its holdings in shares of Charles Schwab by 12.2% during the first quarter. Wedmont Private Capital now owns 13,130 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Bridgewater Associates LP lifted its stake in Charles Schwab by 217.8% in the fourth quarter. Bridgewater Associates LP now owns 194,339 shares of the financial services provider’s stock worth $13,371,000 after acquiring an additional 133,186 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 1.4 %

Shares of NYSE SCHW opened at $63.91 on Wednesday. The company has a market cap of $113.66 billion, a PE ratio of 26.74, a P/E/G ratio of 1.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The firm’s 50 day moving average price is $64.08 and its 200-day moving average price is $69.82. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. On average, equities research analysts expect that The Charles Schwab Co. will post 3.05 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Wall Street Analyst Weigh In

SCHW has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Morgan Stanley decreased their price target on shares of Charles Schwab from $71.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Barclays cut their price objective on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Bank of America decreased their target price on Charles Schwab from $72.00 to $66.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.31.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 780 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,355,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jonathan S. Beatty sold 780 shares of Charles Schwab stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $58,500.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,355,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Walter W. Bettinger bought 25,000 shares of the stock in a transaction on Wednesday, July 17th. The stock was purchased at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the acquisition, the chief executive officer now owns 827,377 shares of the company’s stock, valued at approximately $54,822,000.02. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 99,636 shares of company stock worth $6,457,104. Company 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.