RFG Bristol Wealth Advisors LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

RFG Bristol Wealth Advisors LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,513 shares of the financial services provider's stock, valued at approximately $852,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Merit Financial Group LLC raised its stake in Charles Schwab by 230.1% in the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider's stock valued at $2,483,000 after buying an additional 23,383 shares during the period. Benjamin Edwards Inc. raised its position in Charles Schwab by 2,840.7% during the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider's stock valued at $398,000 after purchasing an additional 5,937 shares in the last quarter. Synovus Financial Corp raised its stake in Charles Schwab by 46.0% during the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider's stock worth $4,400,000 after acquiring an additional 21,377 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Charles Schwab in the 4th quarter valued at approximately $688,000. Finally, Golden State Equity Partners boosted its position in Charles Schwab by 293.9% in the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after buying an additional 9,108 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company's stock, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arun Sarin sold 8,548 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 513,081 shares of company stock worth $41,903,066 in the last three months. 6.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SCHW. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the company from $85.00 to $102.00 in a research note on Wednesday. JMP Securities reiterated a "market outperform" rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Redburn Partners cut their price objective on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and an average target price of $87.28.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $3.69 on Thursday, reaching $74.90. The stock had a trading volume of 13,516,765 shares, compared to its average volume of 8,937,293. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market cap of $135.83 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The business's 50 day moving average is $79.34 and its two-hundred day moving average is $75.69.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company posted $0.68 EPS. The company's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts anticipate 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. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's payout ratio is currently 36.12%.

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.