Envestnet Asset Management Inc. Purchases 72,095 Shares of The Charles Schwab Co. (NYSE:SCHW)

Envestnet Asset Management Inc. increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,429,817 shares of the financial services provider's stock after purchasing an additional 72,095 shares during the period. Envestnet Asset Management Inc. owned 0.31% of Charles Schwab worth $401,861,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Aviva PLC boosted its position in shares of Charles Schwab by 75.0% in the fourth quarter. Aviva PLC now owns 959,934 shares of the financial services provider's stock valued at $71,045,000 after acquiring an additional 411,437 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Charles Schwab in the 4th quarter valued at $2,536,000. Resona Asset Management Co. Ltd. bought a new position in Charles Schwab in the 4th quarter valued at $35,403,000. Islay Capital Management LLC grew its position in shares of Charles Schwab by 4.9% during the 4th quarter. Islay Capital Management LLC now owns 5,016 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 235 shares in the last quarter. Finally, Prudential PLC increased its holdings in shares of Charles Schwab by 38.6% in the fourth quarter. Prudential PLC now owns 65,487 shares of the financial services provider's stock worth $4,847,000 after purchasing an additional 18,223 shares during the period. Institutional investors own 84.38% of the company's stock.

Charles Schwab Trading Up 3.0 %

Shares of SCHW stock traded up $2.19 during trading hours on Friday, reaching $76.04. The company's stock had a trading volume of 6,642,368 shares, compared to its average volume of 9,240,111. 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 has a market capitalization of $137.91 billion, a P/E ratio of 25.39, a P/E/G ratio of 0.99 and a beta of 0.91. The firm's fifty day simple moving average is $77.87 and its 200 day simple moving average is $76.05. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

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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 (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. Equities research 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. Stockholders of record on Friday, February 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.42%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. Charles Schwab's dividend payout ratio is currently 36.12%.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent analyst reports. 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. Barclays decreased their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday. Redburn Partners cut their price target 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. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and upped their target price for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab has an average rating of "Moderate Buy" and an average price target of $85.33.

Insider Activity

In other news, insider Paul V. Woolway sold 3,380 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value 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. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm's stock in a transaction that occurred on 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 transaction, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 513,081 shares of company stock worth $41,903,066 in the last quarter. 6.60% of the stock is owned by company insiders.

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.