Treasurer of the State of North Carolina Purchases 4,880 Shares of The Charles Schwab Co. (NYSE:SCHW)

Treasurer of the State of North Carolina raised its holdings in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 674,166 shares of the financial services provider's stock after acquiring an additional 4,880 shares during the period. Treasurer of the State of North Carolina's holdings in Charles Schwab were worth $49,895,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SCHW. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab during the fourth quarter valued at about $38,000. Atala Financial Inc bought a new position in Charles Schwab in the 4th quarter valued at approximately $41,000. Knuff & Co LLC boosted its position 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 buying an additional 563 shares during the period. Financial Life Planners bought a new stake in Charles Schwab during the 4th quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new position in Charles Schwab in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Charles Schwab Stock Up 1.0 %

Shares of NYSE:SCHW traded up $0.80 during trading on Tuesday, reaching $77.72. 3,283,378 shares of the stock were exchanged, compared to its average volume of 9,259,034. The stock has a fifty day moving average of $77.67 and a two-hundred day moving average of $76.32. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. 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 firm has a market cap of $140.95 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91.

Remove Ads

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. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.68 earnings per share. Research analysts anticipate that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on SCHW. TD Cowen upgraded Charles Schwab from a "hold" rating to a "buy" rating and increased their price objective for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Morgan Stanley upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price objective for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their target price 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. Citigroup upgraded shares of Charles Schwab from a "neutral" rating to a "buy" rating and raised their price target for the stock from $85.00 to $102.00 in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has an average rating of "Moderate Buy" and a consensus target price of $85.33.

Insider Activity at Charles Schwab

In other news, insider Paul V. Woolway sold 9,887 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares in the company, valued at $3,613,038.78. The trade was a 17.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now directly owns 18,617 shares of the company's stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock valued at $41,903,066 over the last 90 days. Insiders own 6.60% of the company's stock.

Charles Schwab Profile

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.