The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,631 shares of the financial services provider’s stock after purchasing an additional 464 shares during the period. Charles Schwab comprises approximately 2.2% of Spectrum Asset Management Inc. NB CA’s holdings, making the stock its 13th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Charles Schwab were worth $4,857,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. increased its holdings in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab in the third quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,014 shares of company stock worth $4,052,281 in the last quarter. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SCHW has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Finally, Citigroup upped their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $84.50.

Charles Schwab Price Performance

Shares of SCHW opened at $83.62 on Friday. The stock has a market cap of $148.81 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $77.97 and its two-hundred day moving average price is $71.57. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.94.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $5.19 billion. During the same period in the previous year, the firm earned $0.68 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts predict that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

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.