11,844 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,844 shares of the financial services provider's stock, valued at approximately $877,000.

Several other hedge funds have also modified their holdings of the stock. Primecap Management Co. CA increased its stake in Charles Schwab by 310.3% during the fourth quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock worth $314,716,000 after acquiring an additional 3,216,000 shares during the last quarter. Franklin Resources Inc. increased its position in Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after purchasing an additional 3,157,923 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Charles Schwab in the fourth quarter valued at approximately $189,791,000. Veritas Asset Management LLP acquired a new position in Charles Schwab during the fourth quarter valued at approximately $185,649,000. Finally, KBC Group NV grew its stake in Charles Schwab by 186.7% during the fourth quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider's stock worth $158,236,000 after buying an additional 1,392,255 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade 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 501,087 shares of company stock worth $40,952,233. 6.60% of the stock is currently owned by company insiders.

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Charles Schwab Stock Up 1.1 %

NYSE SCHW traded up $0.85 on Tuesday, hitting $80.81. 7,660,547 shares of the stock traded hands, compared to its average volume of 8,442,138. The company 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. The stock has a 50-day moving average of $79.14 and a 200 day moving average of $74.98. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted $0.68 earnings per share. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SCHW shares. UBS Group raised their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Morgan Stanley increased their target price on Charles Schwab from $84.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods raised their target price on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Finally, Redburn Partners decreased their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Charles Schwab presently has a consensus rating of "Hold" and a consensus target price of $86.33.

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.