Pictet Asset Management Holding SA Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

Pictet Asset Management Holding SA increased its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 987,210 shares of the financial services provider's stock after purchasing an additional 165,312 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Charles Schwab worth $73,063,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC lifted its position in shares of Charles Schwab by 2.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider's stock worth $462,000 after buying an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider's stock worth $557,000 after acquiring an additional 125 shares during the last quarter. Klingman & Associates LLC boosted its stake in shares of Charles Schwab by 3.2% in the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider's stock valued at $302,000 after purchasing an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its position in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider's stock worth $832,000 after purchasing an additional 130 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock worth $41,903,066 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a "sell" rating on the stock in a research note on Friday, January 17th. Barclays lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, UBS Group lifted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.28.

Charles Schwab Stock Down 4.6 %

Charles Schwab stock traded down $3.59 during midday trading on Thursday, reaching $75.00. The stock had a trading volume of 4,827,933 shares, compared to its average volume of 8,889,725. The company has a market capitalization of $136.02 billion, a P/E ratio of 25.08, a PEG ratio of 0.99 and a beta of 0.91. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a fifty day moving average price of $79.48 and a two-hundred day moving average price of $75.69. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last released 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 firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. Charles Schwab's dividend 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.