Texas Yale Capital Corp. Raises Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Texas Yale Capital Corp. boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 19.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,890 shares of the financial services provider's stock after buying an additional 4,090 shares during the period. Texas Yale Capital Corp.'s holdings in Charles Schwab were worth $1,842,000 at the end of the most recent quarter.

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

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Charles Schwab Stock Performance

Shares of NYSE:SCHW traded up $0.89 on Tuesday, hitting $77.81. 2,815,623 shares of the company were exchanged, compared to its average volume of 9,257,206. 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 stock's 50 day moving average price is $77.67 and its 200 day moving average price is $76.32. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The firm has a market capitalization of $141.11 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

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 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 business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company's revenue was up 19.5% on a year-over-year basis. Sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.39%. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's payout ratio is presently 36.12%.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the firm's 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 sale, the chairman now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock valued at $41,903,066 in the last ninety days. Insiders own 6.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SCHW shares. JMP Securities lowered their target price on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. TD Cowen upgraded shares of Charles Schwab from a "hold" rating to a "buy" rating and boosted their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Finally, Redburn Partners reduced their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a "sell" rating for the company in a research note on Friday, January 17th. 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 stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and an average target price of $85.33.

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.