Axxcess Wealth Management LLC Purchases 5,483 Shares of The Charles Schwab Co. (NYSE:SCHW)

Axxcess Wealth Management LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 71.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,205 shares of the financial services provider's stock after purchasing an additional 5,483 shares during the quarter. Axxcess Wealth Management LLC's holdings in Charles Schwab were worth $977,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab during the 3rd quarter worth approximately $31,000. Atala Financial Inc acquired a new position in shares of Charles Schwab in the 4th quarter valued at $41,000. Knuff & Co LLC grew its position in Charles Schwab by 1,309.3% during the fourth quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 563 shares during the period. Financial Life Planners acquired a new stake in Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Charles Schwab in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity at Charles Schwab

In other news, Director Arun Sarin sold 8,548 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now owns 47,931 shares in the company, valued at $3,613,038.78. The trade was a 17.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

A number of analysts have recently weighed in on SCHW shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Redburn Partners reduced their target price on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. Morgan Stanley boosted their target price on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Trading Up 1.1 %

SCHW traded up $0.85 during trading on Tuesday, reaching $80.81. 7,661,019 shares of the company's stock were exchanged, compared to its average volume of 8,442,138. The firm has a fifty day moving average price of $79.14 and a two-hundred day moving average price of $74.98. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. The stock has a market capitalization of $146.55 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.27 dividend. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's payout ratio is currently 36.12%.

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.