Xponance Inc. Boosts Position in The Charles Schwab Co. (NYSE:SCHW)

Xponance Inc. increased its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 17.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,195 shares of the financial services provider's stock after buying an additional 37,881 shares during the quarter. Xponance Inc.'s holdings in Charles Schwab were worth $19,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SCHW. Primecap Management Co. CA lifted its position in Charles Schwab by 310.3% in the 4th quarter. Primecap Management Co. CA now owns 4,252,350 shares of the financial services provider's stock worth $314,716,000 after buying an additional 3,216,000 shares during the last quarter. Franklin Resources Inc. lifted its position in Charles Schwab by 15.0% in the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider's stock worth $1,644,674,000 after buying an additional 3,157,923 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Charles Schwab in the 4th quarter worth approximately $189,791,000. Veritas Asset Management LLP purchased a new position in Charles Schwab in the 4th quarter worth approximately $185,649,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Charles Schwab by 6.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider's stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares during the period. Institutional investors own 84.38% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on SCHW. Morgan Stanley lifted their price target on Charles Schwab from $84.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Citigroup lifted their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Barclays lifted their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. UBS Group lifted their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $86.33.

Charles Schwab Stock Down 0.1 %

SCHW stock traded down $0.11 during midday trading on Friday, hitting $78.47. The stock had a trading volume of 11,842,111 shares, compared to its average volume of 8,443,802. The firm has a market cap of $142.30 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The business has a 50-day moving average of $78.99 and a two-hundred day moving average of $74.72. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week 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.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.38%. 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 payout ratio is 36.12%.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares in the company, valued at approximately $3,613,038.78. The trade was a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Company 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.