Elmwood Wealth Management Inc. Grows Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Elmwood Wealth Management Inc. increased its position in The Charles Schwab Co. (NYSE:SCHWFree Report) by 16.1% in the 4th quarter, HoldingsChannel reports. The fund owned 17,346 shares of the financial services provider’s stock after buying an additional 2,405 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Charles Schwab were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after acquiring an additional 3,157,923 shares during the last quarter. Darsana Capital Partners LP increased its stake in Charles Schwab by 200.0% in the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after purchasing an additional 2,000,000 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Charles Schwab by 6.3% in the third 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. AustralianSuper Pty Ltd raised its holdings in shares of Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after acquiring an additional 1,644,931 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Charles Schwab in the third quarter valued at about $86,845,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Stock Down 0.6 %

Charles Schwab stock traded down $0.46 during mid-day trading on Monday, reaching $72.31. 2,963,749 shares of the company’s stock were exchanged, compared to its average volume of 7,681,015. The company has a market cap of $128.69 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $77.57 and a 200-day moving average of $70.59.

Charles Schwab (NYSE:SCHWGet Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. Sell-side analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Analysts Set New Price Targets

Several analysts recently weighed in on SCHW shares. JMP Securities restated a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Monday, December 9th. 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 report on Friday, December 20th. Citigroup reduced their target price on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wells Fargo & Company boosted their price target on Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.69.

View Our Latest Stock Analysis on Charles Schwab

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,968 shares of company stock worth $8,842,821 in the last ninety days. 6.60% of the stock is owned by corporate insiders.

About Charles Schwab

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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