SRS Capital Advisors Inc. Has $166,000 Stock Position in The Charles Schwab Co. (NYSE:SCHW)

SRS Capital Advisors Inc. grew its stake in The Charles Schwab Co. (NYSE:SCHW) by 62.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,248 shares of the financial services provider’s stock after buying an additional 865 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Charles Schwab were worth $166,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SCHW. State Street Corp boosted its stake in Charles Schwab by 0.7% in the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider’s stock worth $4,023,175,000 after purchasing an additional 414,949 shares during the period. Geode Capital Management LLC boosted its position in shares of Charles Schwab by 1.5% during the third quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider’s stock worth $1,945,614,000 after buying an additional 445,304 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 6.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after buying an additional 1,711,312 shares in the last quarter. Franklin Resources Inc. raised its position in Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after buying an additional 3,157,923 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after acquiring an additional 265,708 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SCHW shares. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Citigroup raised their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Redburn Partners cut their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Keefe, Bruyette & Woods raised their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $86.33.

Insider Activity at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 491,200 shares of company stock worth $40,206,950. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 2.3 %

Shares of SCHW opened at $76.88 on Thursday. The firm has a market cap of $139.42 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The firm’s 50-day simple moving average is $78.49 and its 200 day simple moving average is $73.85.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is presently 36.12%.

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.