The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lifted its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,113 shares of the financial services provider's stock after buying an additional 8,156 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV's holdings in Charles Schwab were worth $4,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHW. Alliance Wealth Advisors LLC increased its holdings in Charles Schwab by 2.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider's stock worth $347,000 after purchasing an additional 142 shares during the period. Michael S. Ryan Inc. increased its holdings in Charles Schwab by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider's stock worth $444,000 after purchasing an additional 144 shares during the period. GS Investments Inc. increased its holdings in Charles Schwab by 0.3% during the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider's stock worth $3,722,000 after purchasing an additional 146 shares during the period. Washington Trust Advisors Inc. increased its holdings in Charles Schwab by 62.6% during the 3rd 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 period. Finally, Arcataur Capital Management LLC boosted its position in shares of Charles Schwab by 2.3% during the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider's stock worth $431,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the transaction, the director now directly owns 551,329 shares of the company's stock, valued at $39,783,900.64. This trade represents a 5.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the transaction, the insider now directly owns 59,092 shares of the company's stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 118,968 shares of company stock valued at $8,842,821. Corporate insiders own 6.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group upped their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. 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, Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $77.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.69.

Charles Schwab Stock Performance

SCHW traded down $0.21 on Friday, hitting $72.79. 10,866,005 shares of the company traded hands, compared to its average volume of 8,482,011. The company has a 50 day moving average of $77.57 and a 200-day moving average of $70.64. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $129.54 billion, a PE ratio of 28.43, a PEG ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, November 8th. Charles Schwab's dividend payout ratio (DPR) is 39.06%.

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.