Ashburton Jersey Ltd Has $2.17 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Ashburton Jersey Ltd trimmed its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 79.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,341 shares of the financial services provider's stock after selling 115,470 shares during the period. Charles Schwab accounts for about 1.0% of Ashburton Jersey Ltd's holdings, making the stock its 29th biggest holding. Ashburton Jersey Ltd's holdings in Charles Schwab were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SCHW. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab in the fourth quarter worth about $38,000. Atala Financial Inc acquired a new position in shares of Charles Schwab in the 4th quarter valued at approximately $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 valued at $45,000 after buying an additional 563 shares during the last quarter. Financial Life Planners bought a new stake in shares of Charles Schwab in the fourth quarter worth $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in Charles Schwab in the fourth quarter valued at $46,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SCHW shares. Barclays cut their target price on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research note on Monday. UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company lowered their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and raised their price objective for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and an average target price of $85.33.

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Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Arun Sarin sold 8,548 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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

SCHW stock traded up $2.12 during trading on Friday, reaching $75.97. 7,072,121 shares of the company's stock were exchanged, compared to its average volume of 9,241,284. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The firm has a market cap of $137.78 billion, a PE ratio of 25.32, a P/E/G ratio of 0.99 and a beta of 0.91. The company's fifty day moving average price is $77.87 and its 200-day moving average price is $76.05. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) 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 firm had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab'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. On average, research analysts expect 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. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.42%. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

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.