Oak Associates Ltd. OH Acquires 22,472 Shares of The Charles Schwab Co. (NYSE:SCHW)

Oak Associates Ltd. OH lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 485,604 shares of the financial services provider's stock after acquiring an additional 22,472 shares during the period. Charles Schwab makes up 2.5% of Oak Associates Ltd. OH's holdings, making the stock its 14th biggest holding. Oak Associates Ltd. OH's holdings in Charles Schwab were worth $35,940,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SCHW. Murphy & Mullick Capital Management Corp purchased a new position in Charles Schwab during the 4th quarter worth $38,000. Atala Financial Inc purchased a new position in Charles Schwab during the fourth quarter worth about $41,000. Knuff & Co LLC grew its position in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners purchased a new stake in Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $46,000. Institutional investors own 84.38% of the company's stock.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This represents a 35.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on 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. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 over the last three months. Company insiders own 6.60% of the company's stock.

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Wall Street Analyst Weigh In

SCHW has been the subject of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Barclays dropped their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price target on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has an average rating of "Moderate Buy" and a consensus price target of $85.33.

Charles Schwab Price Performance

NYSE SCHW traded up $0.23 during trading hours on Tuesday, reaching $77.15. 6,916,979 shares of the stock traded hands, compared to its average volume of 9,272,877. The stock has a 50 day simple moving average of $77.67 and a two-hundred day simple moving average of $76.32. 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 current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $139.92 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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 company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.40%. Charles Schwab's payout ratio is currently 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.