Broad Run Investment Management LLC decreased its position in Charles Schwab Corp (NYSE:SCHW) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,614,599 shares of the financial services provider’s stock after selling 17,432 shares during the period. Charles Schwab accounts for 7.6% of Broad Run Investment Management LLC’s portfolio, making the stock its 3rd largest position. Broad Run Investment Management LLC owned 0.34% of Charles Schwab worth $237,052,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC lifted its stake in Charles Schwab by 1.3% in the fourth quarter. Teachers Advisors LLC now owns 2,004,962 shares of the financial services provider’s stock valued at $102,995,000 after buying an additional 25,719 shares during the period. Captrust Financial Advisors acquired a new position in Charles Schwab in the fourth quarter valued at about $324,000. Raymond James & Associates lifted its stake in Charles Schwab by 4.4% in the fourth quarter. Raymond James & Associates now owns 487,661 shares of the financial services provider’s stock valued at $25,051,000 after buying an additional 20,522 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its stake in Charles Schwab by 241.4% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 791,250 shares of the financial services provider’s stock valued at $40,647,000 after buying an additional 559,480 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Charles Schwab in the fourth quarter valued at about $488,000. Institutional investors and hedge funds own 80.60% of the company’s stock.
In related news, EVP Jonathan M. Craig sold 5,000 shares of Charles Schwab stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $58.01, for a total value of $290,050.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Terri R. Kallsen sold 2,026 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $51.30, for a total value of $103,933.80. Following the completion of the sale, the executive vice president now directly owns 1,706 shares in the company, valued at approximately $87,517.80. The disclosure for this sale can be found here. In the last three months, insiders sold 922,251 shares of company stock worth $50,343,908. 12.00% of the stock is owned by insiders.
Shares of Charles Schwab Corp (NYSE:SCHW) opened at $57.76 on Tuesday. The company has a market capitalization of $77,770.00, a PE ratio of 35.01, a PEG ratio of 1.41 and a beta of 1.58. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30. Charles Schwab Corp has a 1 year low of $37.16 and a 1 year high of $58.04.
Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.03% and a net margin of 27.32%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $0.36 EPS. Charles Schwab’s revenue for the quarter was up 13.7% compared to the same quarter last year. research analysts forecast that Charles Schwab Corp will post 2.4 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s dividend payout ratio (DPR) is currently 24.24%.
About Charles Schwab
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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