The Charles Schwab Co. (NYSE:SCHW) Stock Position Raised by Professional Financial Advisors LLC

Professional Financial Advisors LLC grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.2% in the fourth quarter, HoldingsChannel reports. The fund owned 20,637 shares of the financial services provider’s stock after buying an additional 646 shares during the period. Professional Financial Advisors LLC’s holdings in Charles Schwab were worth $1,527,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in Charles Schwab by 15.0% during the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after purchasing an additional 3,157,923 shares during the last quarter. Darsana Capital Partners LP lifted its stake in Charles Schwab by 200.0% during the second quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after buying an additional 2,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 buying an additional 1,711,312 shares during the period. AustralianSuper Pty Ltd increased its position 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 worth $110,681,000 after acquiring an additional 1,644,931 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Charles Schwab during the third quarter valued at approximately $86,845,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.2 %

NYSE SCHW opened at $72.64 on Tuesday. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $129.27 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.76 and a beta of 0.99. The stock’s 50-day moving average is $77.60 and its 200-day moving average is $70.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data 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 business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Insider Activity at Charles Schwab

In other news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,968 shares of company stock worth $8,842,821. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $74.00 to $95.00 in a report on Monday, December 9th. Wells Fargo & Company boosted their price target on shares of Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their price target on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Morgan Stanley raised their price target on shares of Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Bank of America lowered their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.69.

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.