Fox Run Management L.L.C. Purchases New Position in The Charles Schwab Co. (NYSE:SCHW)

Fox Run Management L.L.C. purchased a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,662 shares of the financial services provider's stock, valued at approximately $1,233,000.

A number of other institutional investors have also added to or reduced their stakes in SCHW. KLP Kapitalforvaltning AS bought a new stake in Charles Schwab during the fourth quarter worth about $39,860,000. Sei Investments Co. grew its stake in shares of Charles Schwab by 13.8% in the 4th quarter. Sei Investments Co. now owns 1,254,510 shares of the financial services provider's stock worth $92,845,000 after buying an additional 151,778 shares during the last quarter. Plancorp LLC bought a new position in Charles Schwab during the 4th quarter valued at approximately $214,000. Mizuho Securities USA LLC raised its stake in Charles Schwab by 46.3% during the fourth quarter. Mizuho Securities USA LLC now owns 141,684 shares of the financial services provider's stock valued at $10,486,000 after buying an additional 44,813 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC boosted its holdings in Charles Schwab by 5.6% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 4,480 shares of the financial services provider's stock worth $332,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 1.1 %

Charles Schwab stock traded up $0.85 during trading hours on Tuesday, hitting $80.81. The company had a trading volume of 7,660,538 shares, compared to its average volume of 8,442,138. The firm has a market cap of $146.55 billion, a P/E ratio of 27.03, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a 50-day moving average price of $79.14 and a two-hundred day moving average price of $74.98. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

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

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares of the company's stock, valued at $3,613,038.78. This represents a 17.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was 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. In the last three months, insiders sold 501,087 shares of company stock valued at $40,952,233. Corporate insiders own 6.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SCHW shares. JMP Securities reaffirmed 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. JPMorgan Chase & Co. lifted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Wells Fargo & Company raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. UBS Group upped their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $86.33.

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.