Wolff Wiese Magana LLC Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Wolff Wiese Magana LLC grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 6,830.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,297 shares of the financial services provider’s stock after acquiring an additional 4,235 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Charles Schwab were worth $318,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SCHW. Thurston Springer Miller Herd & Titak Inc. grew its position in Charles Schwab by 3.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,992 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 172 shares during the period. Kathmere Capital Management LLC purchased a new position in shares of Charles Schwab in the 4th quarter worth $257,000. Assenagon Asset Management S.A. grew its holdings in shares of Charles Schwab by 31.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,498,961 shares of the financial services provider’s stock worth $110,938,000 after acquiring an additional 360,692 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its position in Charles Schwab by 1.5% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 179,530 shares of the financial services provider’s stock valued at $13,287,000 after acquiring an additional 2,628 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in Charles Schwab by 25.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 18,417 shares of the financial services provider’s stock valued at $1,363,000 after acquiring an additional 3,789 shares during the period. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Price Performance

Shares of Charles Schwab stock opened at $73.57 on Wednesday. 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 Charles Schwab Co. has a 12 month low of $59.67 and a 12 month high of $83.35. The stock has a 50 day moving average of $77.62 and a 200 day moving average of $70.58. The firm has a market cap of $130.93 billion, a PE ratio of 28.74, a PEG ratio of 1.76 and a beta of 0.99.

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

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the transaction, the director now directly owns 551,329 shares of the company’s stock, valued at approximately $39,783,900.64. The trade was a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,623 shares of company stock valued at $4,321,562 in the last quarter. 6.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Cowen lifted their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group upped their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.63.

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.