Groupama Asset Managment Takes $2.42 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Groupama Asset Managment acquired a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,781 shares of the financial services provider's stock, valued at approximately $2,423,000.

Other hedge funds also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC boosted its holdings in Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after purchasing an additional 125 shares during the last quarter. Klingman & Associates LLC grew its position in shares of Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock worth $302,000 after acquiring an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Charles Schwab by 2.7% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 127 shares during the period. Finally, Personal CFO Solutions LLC raised its stake in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock valued at $832,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SCHW shares. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and upped their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Wells Fargo & Company raised Charles Schwab from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $89.00 to $93.00 in a 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 for the company in a report on Friday, January 17th. Finally, UBS Group lifted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.28.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now owns 45,824 shares in the company, valued at $3,548,152.32. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is owned by insiders.

Charles Schwab Stock Performance

Shares of SCHW traded down $3.69 during trading hours on Thursday, reaching $74.90. 13,516,765 shares of the company traded hands, compared to its average volume of 8,937,293. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The stock has a market cap of $135.83 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The stock's fifty day moving average is $79.34 and its 200 day moving average is $75.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. Equities research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

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.