Public Employees Retirement Association of Colorado Has $114.35 Million Holdings in Charles Schwab Corp (SCHW)

Public Employees Retirement Association of Colorado grew its holdings in shares of Charles Schwab Corp (NYSE:SCHW) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,226,000 shares of the financial services provider’s stock after buying an additional 326,617 shares during the quarter. Charles Schwab makes up 0.7% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 23rd largest position. Public Employees Retirement Association of Colorado’s holdings in Charles Schwab were worth $114,350,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SCHW. QS Investors LLC lifted its position in Charles Schwab by 15.2% during the 2nd quarter. QS Investors LLC now owns 25,995 shares of the financial services provider’s stock worth $1,117,000 after buying an additional 3,439 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Charles Schwab during the 2nd quarter worth about $285,000. AHL Partners LLP bought a new stake in Charles Schwab during the 2nd quarter worth about $1,191,000. Shelton Capital Management bought a new stake in Charles Schwab during the 2nd quarter worth about $400,000. Finally, Green Square Capital LLC raised its holdings in shares of Charles Schwab by 21.4% in the 2nd quarter. Green Square Capital LLC now owns 10,704 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 1,887 shares during the period. 79.72% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Charles R. Schwab sold 300,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $55.31, for a total value of $16,593,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Walter W. Bettinger purchased 72,510 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average price of $27.21 per share, for a total transaction of $1,972,997.10. Following the purchase, the insider now owns 41,330 shares in the company, valued at approximately $1,124,589.30. The disclosure for this purchase can be found here. In the last quarter, insiders sold 2,208,224 shares of company stock worth $110,015,744. 12.00% of the stock is owned by company insiders.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $55.00 target price (up from $47.00) on shares of Charles Schwab in a report on Thursday, January 4th. BidaskClub cut shares of Charles Schwab from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Barclays upped their target price on shares of Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Finally, Credit Suisse Group reaffirmed a “positive” rating and issued a $70.00 target price (up from $64.00) on shares of Charles Schwab in a report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $54.63.

Charles Schwab Corp (SCHW) opened at $53.34 on Monday. Charles Schwab Corp has a 52 week low of $37.16 and a 52 week high of $56.25. The company has a market cap of $71,506.33, a PE ratio of 32.52, a P/E/G ratio of 1.31 and a beta of 1.63. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the business earned $0.36 EPS. Charles Schwab’s quarterly revenue was up 13.7% on a year-over-year basis. equities analysts forecast that Charles Schwab Corp will post 2.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s dividend payout ratio is 19.88%.

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Charles Schwab Profile

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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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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