Asset Planning Inc Invests $99,000 in The Charles Schwab Co. (NYSE:SCHW)

Asset Planning Inc purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,342 shares of the financial services provider’s stock, valued at approximately $99,000.

Several other large investors have also recently made changes to their positions in the company. Banque Pictet & Cie SA increased its position in shares of Charles Schwab by 0.3% during the fourth quarter. Banque Pictet & Cie SA now owns 153,030 shares of the financial services provider’s stock worth $11,326,000 after purchasing an additional 510 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Charles Schwab by 6.8% during the fourth quarter. V Square Quantitative Management LLC now owns 25,328 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 1,618 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Charles Schwab during the fourth quarter worth approximately $1,210,000. Asset Management One Co. Ltd. increased its position in shares of Charles Schwab by 7.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock worth $47,674,000 after purchasing an additional 43,308 shares in the last quarter. Finally, Avestar Capital LLC grew its holdings in Charles Schwab by 20.0% in the 4th quarter. Avestar Capital LLC now owns 8,039 shares of the financial services provider’s stock valued at $595,000 after buying an additional 1,339 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

SCHW opened at $81.64 on Friday. The stock’s 50-day moving average price is $78.06 and its 200 day moving average price is $72.18. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. 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 firm has a market cap of $145.29 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.02 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. As a group, sell-side analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,514 shares of company stock valued at $3,859,731 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several analyst reports. Barclays upped their target price on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group upped their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group upped their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. increased their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $84.56.

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.