DRW Securities LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 84.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,896 shares of the financial services provider's stock after purchasing an additional 5,891 shares during the quarter. DRW Securities LLC's holdings in Charles Schwab were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. TRUE Private Wealth Advisors purchased a new stake in Charles Schwab in the 4th quarter valued at about $223,000. Texas Yale Capital Corp. boosted its holdings in shares of Charles Schwab by 19.7% in the 4th quarter. Texas Yale Capital Corp. now owns 24,890 shares of the financial services provider's stock valued at $1,842,000 after purchasing an additional 4,090 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Charles Schwab by 987.6% in the 4th quarter. Martingale Asset Management L P now owns 110,445 shares of the financial services provider's stock worth $8,174,000 after buying an additional 100,290 shares during the period. APG Asset Management N.V. increased its stake in Charles Schwab by 495.0% during the fourth quarter. APG Asset Management N.V. now owns 1,087,154 shares of the financial services provider's stock worth $77,702,000 after acquiring an additional 904,430 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Charles Schwab in the 4th quarter valued at about $320,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.
Charles Schwab Stock Performance
SCHW traded up $0.89 during trading hours on Tuesday, hitting $77.81. The company's stock had a trading volume of 2,815,623 shares, 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 Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a 50-day simple moving average of $77.67 and a 200 day simple moving average of $76.32. The firm has a market capitalization of $141.11 billion, a PE ratio of 26.02, a PEG ratio of 0.99 and a beta of 0.91.
Charles Schwab (NYSE:SCHW - Get Free Report) last issued 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 net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.33 billion for the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The company's revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.
Charles Schwab Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab's dividend payout ratio is 36.12%.
Insider Buying and Selling at Charles Schwab
In related news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company's stock, valued at $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
SCHW has been the topic of a number of recent research reports. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Redburn Partners cut their target price 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. JMP Securities decreased their price target on shares of Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays cut their price target on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Two 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.33.
Read Our Latest Analysis on Charles Schwab
About Charles Schwab
(
Free Report)
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.
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