Proficio Capital Partners LLC Makes New $441,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Proficio Capital Partners LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,959 shares of the financial services provider's stock, valued at approximately $441,000.

Several other large investors have also recently bought and sold shares of the business. Assetmark Inc. lifted its stake in Charles Schwab by 133.6% during the fourth quarter. Assetmark Inc. now owns 401,874 shares of the financial services provider's stock worth $29,743,000 after purchasing an additional 229,832 shares during the last quarter. Mainstream Capital Management LLC boosted its holdings in shares of Charles Schwab by 1.0% in the 4th quarter. Mainstream Capital Management LLC now owns 16,031 shares of the financial services provider's stock valued at $1,186,000 after buying an additional 162 shares in the last quarter. Synergy Investment Management LLC purchased a new position in shares of Charles Schwab in the 4th quarter valued at $63,000. Charles Schwab Investment Management Inc. raised its stake in Charles Schwab by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,133,490 shares of the financial services provider's stock worth $601,960,000 after acquiring an additional 239,968 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Charles Schwab by 6.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 153,108 shares of the financial services provider's stock valued at $11,332,000 after acquiring an additional 9,130 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

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Insider Activity

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on 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 transaction, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm's 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. In the last 90 days, insiders have sold 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Up 1.1 %

NYSE SCHW traded up $0.85 during mid-day trading on Tuesday, hitting $80.81. The company's stock had a trading volume of 7,661,020 shares, compared to its average volume of 8,442,138. 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 Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. The stock's fifty day simple moving average is $79.14 and its two-hundred day simple moving average is $74.98. The firm has a market capitalization of $146.55 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

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

Charles Schwab Increases Dividend

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

Wall Street Analyst Weigh In

SCHW has been the topic of a number of research analyst reports. Citigroup lifted their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. JMP Securities reiterated a "market outperform" rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.33.

About Charles Schwab

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.