Crestwood Advisors Group LLC Has $48.76 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Crestwood Advisors Group LLC reduced its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 658,815 shares of the financial services provider’s stock after selling 7,516 shares during the period. Crestwood Advisors Group LLC’s holdings in Charles Schwab were worth $48,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in shares of Charles Schwab by 7,559.9% in the third quarter. International Assets Investment Management LLC now owns 889,779 shares of the financial services provider’s stock valued at $57,667,000 after buying an additional 878,163 shares in the last quarter. Joel Isaacson & Co. LLC grew its position in shares of Charles Schwab by 22.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 7,122 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 1,299 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Charles Schwab by 20.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 10,765 shares of the financial services provider’s stock worth $698,000 after purchasing an additional 1,836 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Charles Schwab by 1.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 937,303 shares of the financial services provider’s stock valued at $60,747,000 after purchasing an additional 9,799 shares during the period. Finally, GHP Investment Advisors Inc. lifted its stake in Charles Schwab by 3.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 64,077 shares of the financial services provider’s stock valued at $4,153,000 after purchasing an additional 2,402 shares during the last quarter. 84.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SCHW shares. Citigroup boosted their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. JMP Securities reissued a “market outperform” rating and set a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and raised their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Performance

NYSE:SCHW opened at $80.50 on Monday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month 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 stock’s 50-day simple moving average is $77.98 and its 200 day simple moving average is $73.10. The firm has a market capitalization of $143.38 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. On average, analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm 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. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is 36.12%.

Insider Activity

In other news, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 487,820 shares of company stock valued at $39,938,849. Insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.