16,888 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Crux Wealth Advisors

Crux Wealth Advisors purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 16,888 shares of the financial services provider's stock, valued at approximately $1,250,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock valued at $9,516,075,000 after purchasing an additional 1,187,384 shares during the period. Geode Capital Management LLC grew its position in Charles Schwab by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock valued at $2,279,742,000 after purchasing an additional 760,043 shares in the last quarter. Franklin Resources Inc. grew its stake in Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock valued at $1,644,674,000 after purchasing an additional 3,157,923 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Charles Schwab by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after buying an additional 265,708 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Charles Schwab during the 4th quarter valued at about $1,289,544,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SCHW shares. UBS Group boosted their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. JMP Securities decreased their target price on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price objective 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. Finally, Redburn Partners dropped their target price on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

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Charles Schwab Trading Up 0.3 %

Shares of NYSE:SCHW traded up $0.23 during mid-day trading on Tuesday, reaching $77.15. The stock had a trading volume of 6,920,673 shares, compared to its average volume of 9,252,388. The firm has a market cap of $139.92 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The firm has a 50 day simple moving average of $77.67 and a two-hundred day simple moving average of $76.32. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping 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 business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the business posted $0.68 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. On average, research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, February 14th. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were 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 can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 513,081 shares of company stock worth $41,903,066. Insiders own 6.60% of the company's stock.

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.