Heron Bay Capital Management Sells 11,542 Shares of The Charles Schwab Co. (NYSE:SCHW)

Heron Bay Capital Management lessened its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 258,872 shares of the financial services provider's stock after selling 11,542 shares during the period. Charles Schwab comprises approximately 4.0% of Heron Bay Capital Management's holdings, making the stock its 7th biggest holding. Heron Bay Capital Management's holdings in Charles Schwab were worth $19,159,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Prospera Private Wealth LLC bought a new position in Charles Schwab in the 3rd quarter valued at $31,000. Atala Financial Inc acquired a new position in Charles Schwab during the 4th quarter worth about $41,000. Knuff & Co LLC grew its holdings in Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock worth $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab in the fourth quarter worth about $46,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Charles Schwab during the fourth quarter worth approximately $46,000. Institutional investors own 84.38% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SCHW shares. UBS Group raised their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and raised their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Barclays boosted their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Hold" and an average target price of $86.33.

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Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total transaction of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This represents a 17.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company's stock in a transaction dated 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. In the last quarter, insiders have sold 501,087 shares of company stock worth $40,952,233. Corporate insiders own 6.60% of the company's stock.

Charles Schwab Trading Up 1.1 %

Shares of Charles Schwab stock traded up $0.85 during trading hours on Tuesday, hitting $80.81. The company's stock had a trading volume of 7,660,546 shares, compared to its average volume of 11,696,263. The company has a market capitalization of $146.55 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. 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 stock has a 50 day moving average of $79.14 and a 200 day moving average of $74.98. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analysts' expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab's payout ratio is 36.12%.

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.