Professional Financial Advisors LLC Boosts Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Professional Financial Advisors LLC increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,637 shares of the financial services provider’s stock after purchasing an additional 646 shares during the quarter. Professional Financial Advisors LLC’s holdings in Charles Schwab were worth $1,527,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Marion Wealth Management purchased a new stake in shares of Charles Schwab during the 4th quarter worth about $206,000. Miracle Mile Advisors LLC lifted its holdings in Charles Schwab by 56.3% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,739 shares of the financial services provider’s stock valued at $3,089,000 after purchasing an additional 15,041 shares in the last quarter. Eastern Bank raised its holdings in shares of Charles Schwab by 37.2% during the fourth quarter. Eastern Bank now owns 2,317 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 628 shares during the last quarter. Marshall & Sullivan Inc. WA raised its stake in Charles Schwab by 0.5% in the 4th quarter. Marshall & Sullivan Inc. WA now owns 76,397 shares of the financial services provider’s stock valued at $5,654,000 after purchasing an additional 403 shares during the last quarter. Finally, Elmwood Wealth Management Inc. boosted its stake in Charles Schwab by 16.1% during the 4th quarter. Elmwood Wealth Management Inc. now owns 17,346 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 2,405 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SCHW has been the subject of several research reports. Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $95.00 in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group lifted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Bank of America dropped their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Finally, Morgan Stanley raised their price target on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.69.

Charles Schwab Stock Down 0.2 %

SCHW opened at $72.64 on Tuesday. The business has a 50 day simple moving average of $77.60 and a 200-day simple moving average of $70.59. 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 stock has a market capitalization of $129.27 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 12 month low of $59.67 and a 12 month high of $83.35.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s dividend payout ratio is currently 39.06%.

Insider Buying and Selling at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the sale, the director now directly owns 551,329 shares in the company, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 62,345 shares of Charles Schwab stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 118,968 shares of company stock worth $8,842,821. Insiders own 6.60% of the company’s stock.

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.