The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,072 shares of the financial services provider’s stock after buying an additional 1,774 shares during the quarter. Stephens Inc. AR’s holdings in Charles Schwab were worth $2,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Exchange Traded Concepts LLC grew its position in shares of Charles Schwab by 78.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,773 shares of the financial services provider’s stock valued at $1,281,000 after buying an additional 8,721 shares during the last quarter. CHICAGO TRUST Co NA boosted its stake in Charles Schwab by 10.6% in the third quarter. CHICAGO TRUST Co NA now owns 3,353 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 320 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Charles Schwab by 682.4% during the third quarter. Sound Income Strategies LLC now owns 1,064 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 928 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Charles Schwab by 71.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,820 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 2,429 shares during the last quarter. Finally, Procyon Advisors LLC raised its position in shares of Charles Schwab by 5.4% during the 3rd quarter. Procyon Advisors LLC now owns 3,437 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Citigroup upped their target price on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Bank of America cut their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.56.

Insider Buying and Selling

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares in the company, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 47,514 shares of company stock worth $3,859,731 in the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $83.51 on Wednesday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $148.61 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The company’s 50-day moving average price is $77.99 and its two-hundred day moving average price is $71.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share. As a group, sell-side analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

Charles Schwab 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.