Caisse Des Depots ET Consignations Makes New Investment in The Charles Schwab Co. (NYSE:SCHW)

Caisse Des Depots ET Consignations bought a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 77,047 shares of the financial services provider's stock, valued at approximately $5,702,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $38,000. Atala Financial Inc purchased a new position in Charles Schwab in the fourth quarter valued at about $41,000. Knuff & Co LLC boosted its stake in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares in the last quarter. Financial Life Planners purchased a new position in Charles Schwab in the 4th quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab during the fourth quarter worth $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the company'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 value of $1,181,690.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares of the company's stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 509,701 shares of company stock valued at $41,641,353 in the last quarter. Company insiders own 6.60% of the company's stock.

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Charles Schwab Stock Up 0.1 %

Shares of NYSE:SCHW traded up $0.08 during midday trading on Monday, hitting $77.89. 2,797,407 shares of the company's stock traded hands, compared to its average volume of 8,829,663. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a market cap of $141.26 billion, a PE ratio of 25.99, a P/E/G 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 firm's fifty day moving average price is $79.55 and its two-hundred day moving average price is $75.45.

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

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio (DPR) is presently 36.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SCHW shares. Barclays lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Redburn Partners lowered 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. Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. UBS Group raised their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, JMP Securities restated a "market outperform" rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $86.33.

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.