Burling Wealth Partners LLC Takes $894,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Burling Wealth Partners LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,080 shares of the financial services provider's stock, valued at approximately $894,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Charles Schwab during the 4th quarter worth about $38,000. Atala Financial Inc acquired a new position in Charles Schwab during the fourth quarter worth approximately $41,000. Knuff & Co LLC raised its stake in Charles Schwab by 1,309.3% in the fourth 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 period. Financial Life Planners acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $46,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Price Performance

NYSE SCHW traded up $0.58 on Friday, hitting $79.96. 7,781,018 shares of the company's stock were exchanged, compared to its average volume of 9,350,341. The stock has a 50-day moving average of $76.82 and a 200-day moving average of $77.03. The stock has a market cap of $145.01 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. 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 announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the company earned $0.74 EPS. Analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, May 9th. Charles Schwab's dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was 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 owns 57,818 shares of the company's stock, valued at $4,586,123.76. This represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $74.26, for a total value of $266,741.92. Following the sale, the director now directly owns 172,162 shares in the company, valued at $12,784,750.12. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 493,482 shares of company stock worth $40,288,720 in the last three months. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price target on shares of Charles Schwab in a report on Monday, April 21st. UBS Group raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target on the stock in a report on Tuesday, April 8th. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their target price on Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.22.

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.