Retirement Systems of Alabama Has $91.46 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Retirement Systems of Alabama raised its stake in The Charles Schwab Co. (NYSE:SCHW) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,329,388 shares of the financial services provider’s stock after buying an additional 152,967 shares during the quarter. Retirement Systems of Alabama’s holdings in Charles Schwab were worth $91,462,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after purchasing an additional 6,195,934 shares during the last quarter. Ameriprise Financial Inc. grew its stake 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 valued at $390,234,000 after buying an additional 4,624,302 shares during the last quarter. Van ECK Associates Corp grew its stake in Charles Schwab by 134.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,300,286 shares of the financial services provider’s stock valued at $290,986,000 after buying an additional 3,038,517 shares during the last quarter. Lazard Asset Management LLC grew its stake in Charles Schwab by 31.1% in the 3rd quarter. Lazard Asset Management LLC now owns 7,247,335 shares of the financial services provider’s stock valued at $397,877,000 after buying an additional 1,717,137 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Charles Schwab by 3,123.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,360,400 shares of the financial services provider’s stock valued at $74,686,000 after buying an additional 1,318,203 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Up 0.1 %

Charles Schwab stock traded up $0.10 during midday trading on Friday, hitting $74.99. 5,560,677 shares of the stock were exchanged, compared to its average volume of 7,173,721. The company has a fifty day simple moving average of $69.68 and a two-hundred day simple moving average of $63.92. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $75.55. The stock has a market capitalization of $133.19 billion, a PE ratio of 31.38, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s payout ratio is 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research analyst reports. Raymond James lowered their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Citigroup raised their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday, April 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Bank of America increased their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.47.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total value of $518,080.00. Following the sale, the chief financial officer now owns 29,611 shares of the company’s stock, valued at $1,917,608.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Insiders have sold 394,648 shares of company stock valued at $27,400,905 in the last 90 days. 6.60% of the stock is owned by insiders.

Charles Schwab Company 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.