The Charles Schwab Co. (NYSE:SCHW) Position Boosted by Shelton Capital Management

Shelton Capital Management boosted its stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,959 shares of the financial services provider's stock after acquiring an additional 13,542 shares during the period. Shelton Capital Management's holdings in Charles Schwab were worth $6,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHW. Vanguard Group Inc. increased its stake in shares of Charles Schwab by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider's stock worth $9,516,075,000 after acquiring an additional 1,187,384 shares during the period. Geode Capital Management LLC raised its stake in shares of Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider's stock worth $2,279,742,000 after buying an additional 760,043 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock valued at $1,644,674,000 after buying an additional 3,157,923 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Charles Schwab by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider's stock worth $1,513,894,000 after acquiring an additional 265,708 shares during the period. Finally, Norges Bank purchased a new position in Charles Schwab in the fourth quarter worth $1,289,544,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

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Charles Schwab Trading Up 0.3 %

Charles Schwab stock traded up $0.24 during trading on Monday, hitting $77.20. The company's stock had a trading volume of 2,390,868 shares, compared to its average volume of 9,260,892. The stock's fifty day moving average is $77.77 and its 200 day moving average is $76.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The stock has a market capitalization of $140.01 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 0.99 and a beta of 0.91.

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, 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 for the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts predict 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 given a $0.27 dividend. The ex-dividend date was Friday, February 14th. 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 1.40%. Charles Schwab's dividend payout ratio (DPR) is 36.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SCHW shares. Redburn Partners lowered their price target 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. Morgan Stanley raised shares of Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 target price for the company in a report on Tuesday, April 8th. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. UBS Group raised their price objective on Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and boosted their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.33.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares of the company's stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 513,081 shares of company stock worth $41,903,066. 6.60% of the stock is currently owned by company insiders.

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.