Fagan Associates Inc. Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

Fagan Associates Inc. boosted its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,628 shares of the financial services provider's stock after purchasing an additional 3,535 shares during the period. Fagan Associates Inc.'s holdings in Charles Schwab were worth $5,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the third quarter worth $25,000. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider's stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the third quarter worth $31,000. Planning Capital Management Corp purchased a new position in Charles Schwab in the third quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab in the third quarter worth $33,000. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

NYSE SCHW traded down $1.33 during trading on Friday, reaching $80.50. The company's stock had a trading volume of 9,855,515 shares, compared to its average volume of 12,402,950. The stock has a market capitalization of $143.38 billion, a PE ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a fifty day moving average of $77.98 and a 200 day moving average of $72.95. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. This is a positive change 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 is Friday, February 14th. Charles Schwab's dividend payout ratio is currently 36.12%.

Analyst Ratings Changes

SCHW has been the topic of a number of recent research reports. Redburn Partners dropped their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group upped their price target on Charles Schwab from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, December 9th. JMP Securities reaffirmed a "market outperform" rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Keefe, Bruyette & Woods upped their price target on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $86.33.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 490,120 shares of company stock worth $40,127,472 in the last ninety days. 6.60% of the stock is currently owned by insiders.

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.