The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 80.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,650 shares of the financial services provider’s stock after buying an additional 5,181 shares during the period. Schechter Investment Advisors LLC’s holdings in Charles Schwab were worth $802,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Charles Schwab by 0.7% during the 2nd quarter. State Street Corp now owns 60,391,016 shares of the financial services provider’s stock worth $3,422,963,000 after purchasing an additional 398,367 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Charles Schwab by 26.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Charles Schwab by 1.5% in the first quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after buying an additional 391,238 shares during the last quarter. Morgan Stanley raised its holdings in Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after acquiring an additional 8,563,389 shares in the last quarter. Finally, Norges Bank acquired a new stake in Charles Schwab in the fourth quarter valued at $1,325,555,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $72.41 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average of $65.43 and a two-hundred day moving average of $61.18. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $72.94. The company has a market capitalization of $128.42 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.37 and a beta of 1.00.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The firm’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. As a group, analysts expect that The Charles Schwab Co. will post 3.33 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.37%.

Insider Activity

In other news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the completion of the sale, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 over the last 90 days. 6.60% of the stock is owned by company insiders.

Analyst Ratings Changes

SCHW has been the subject of several research analyst reports. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Redburn Atlantic initiated coverage on Charles Schwab in a research note on Friday, December 1st. They set a “sell” rating and a $52.00 price objective on the stock. JMP Securities restated a “market outperform” rating and set a $77.00 price objective on shares of Charles Schwab in a research note on Thursday, January 18th. UBS Group boosted their target price on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, Citigroup lowered shares of Charles Schwab from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $70.00 in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.12.

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.