72,284 Shares in The Charles Schwab Co. (NYSE:SCHW) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 72,284 shares of the financial services provider's stock, valued at approximately $5,350,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Evoke Wealth LLC grew its position in Charles Schwab by 5.0% during the fourth quarter. Evoke Wealth LLC now owns 6,251 shares of the financial services provider's stock worth $463,000 after buying an additional 299 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of Charles Schwab by 1.7% during the 4th quarter. Horizon Investments LLC now owns 25,624 shares of the financial services provider's stock worth $1,896,000 after purchasing an additional 418 shares in the last quarter. PDS Planning Inc grew its holdings in shares of Charles Schwab by 6.5% during the 4th quarter. PDS Planning Inc now owns 8,212 shares of the financial services provider's stock worth $608,000 after purchasing an additional 503 shares in the last quarter. Mystic Asset Management Inc. raised its stake in Charles Schwab by 5.4% in the fourth quarter. Mystic Asset Management Inc. now owns 10,495 shares of the financial services provider's stock valued at $777,000 after purchasing an additional 541 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in Charles Schwab by 310.3% during the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock worth $314,716,000 after purchasing an additional 3,216,000 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction on 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 in the company, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 501,087 shares of company stock valued at $40,952,233 over the last quarter. Insiders own 6.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company upgraded shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Jefferies Financial Group upped their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Barclays lifted their target price on Charles Schwab from $95.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Charles Schwab has a consensus rating of "Hold" and an average target price of $86.33.

Charles Schwab Trading Down 0.1 %

NYSE SCHW traded down $0.11 on Friday, reaching $78.47. The company had a trading volume of 11,842,111 shares, compared to its average volume of 8,448,671. The firm has a market cap of $142.30 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The business has a 50 day moving average of $78.99 and a two-hundred day moving average of $74.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. During the same period last year, the company earned $0.68 earnings per share. The firm's revenue was up 19.5% compared to the same quarter last year. Analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. Charles Schwab's dividend payout ratio is 36.12%.

Charles Schwab 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.