Principle Wealth Partners LLC Acquires 150 Shares of The Charles Schwab Co. (NYSE:SCHW)

Principle Wealth Partners LLC boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,777 shares of the financial services provider’s stock after purchasing an additional 150 shares during the quarter. Principle Wealth Partners LLC’s holdings in Charles Schwab were worth $428,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC increased its stake in Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 125 shares during the last quarter. Stablepoint Partners LLC lifted its holdings in shares of Charles Schwab by 1.1% in the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock worth $924,000 after buying an additional 141 shares during the period. Alliance Wealth Advisors LLC lifted its holdings in shares of Charles Schwab by 2.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after buying an additional 142 shares during the period. Michael S. Ryan Inc. lifted its holdings in shares of Charles Schwab by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after buying an additional 144 shares during the period. Finally, GS Investments Inc. lifted its holdings in shares of Charles Schwab by 0.3% in the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after buying an additional 146 shares during the period. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cowen boosted their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Raymond James reduced their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their target price on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Citigroup boosted their price target on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $84.56.

Charles Schwab Stock Up 2.9 %

Shares of SCHW opened at $83.51 on Wednesday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. 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 market capitalization of $148.61 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.02 and a beta of 0.99. The stock’s 50-day moving average price is $77.99 and its 200-day moving average price is $71.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS 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 firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. Charles Schwab’s dividend payout ratio is presently 33.44%.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the transaction, the director now owns 442,807 shares in the company, valued at approximately $36,057,774.01. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 47,514 shares of company stock worth $3,859,731 over the last quarter. 6.60% of the stock is currently owned by insiders.

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.