Bank of Stockton Sells 394 Shares of The Charles Schwab Co. (NYSE:SCHW)

Bank of Stockton decreased its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,935 shares of the financial services provider’s stock after selling 394 shares during the period. Bank of Stockton’s holdings in Charles Schwab were worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHW. Paradigm Asset Management Co. LLC raised its position in shares of Charles Schwab by 217.0% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 48,350 shares of the financial services provider’s stock worth $3,578,000 after acquiring an additional 33,100 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 127 shares in the last quarter. Aspen Investment Management Inc raised its position in shares of Charles Schwab by 13.1% in the 4th quarter. Aspen Investment Management Inc now owns 16,257 shares of the financial services provider’s stock worth $1,203,000 after acquiring an additional 1,886 shares in the last quarter. Forte Capital LLC ADV bought a new position in shares of Charles Schwab in the 4th quarter worth approximately $200,000. Finally, Hardy Reed LLC raised its position in shares of Charles Schwab by 1.3% in the 4th quarter. Hardy Reed LLC now owns 13,225 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 490,120 shares of company stock valued at $40,127,472 in the last ninety days. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Jefferies Financial Group upped their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley upped their price target on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Price Performance

NYSE SCHW opened at $81.88 on Friday. The business’s fifty day moving average price is $77.97 and its 200-day moving average price is $72.83. The stock has a market capitalization of $145.84 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, equities analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.

About Charles Schwab

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.