Chemistry Wealth Management LLC Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Chemistry Wealth Management LLC raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,995 shares of the financial services provider’s stock after acquiring an additional 844 shares during the quarter. Charles Schwab makes up 0.6% of Chemistry Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Chemistry Wealth Management LLC’s holdings in Charles Schwab were worth $2,516,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SCHW. Intech Investment Management LLC grew its holdings in shares of Charles Schwab by 21.1% during the second quarter. Intech Investment Management LLC now owns 25,194 shares of the financial services provider’s stock worth $1,857,000 after buying an additional 4,395 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Charles Schwab by 12.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,693,022 shares of the financial services provider’s stock worth $124,759,000 after buying an additional 185,388 shares in the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of Charles Schwab during the second quarter worth about $1,625,000. King Luther Capital Management Corp grew its holdings in shares of Charles Schwab by 79.4% during the second quarter. King Luther Capital Management Corp now owns 26,492 shares of the financial services provider’s stock worth $1,952,000 after buying an additional 11,721 shares in the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of Charles Schwab by 8.1% during the second quarter. AE Wealth Management LLC now owns 54,686 shares of the financial services provider’s stock worth $4,030,000 after buying an additional 4,081 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. Raymond James lowered their price target on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $74.00 to $95.00 in a report on Monday, December 9th. Wells Fargo & Company lowered their target price on shares of Charles Schwab from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Redburn Partners lowered their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $81.41.

Insider Transactions at Charles Schwab

In other news, Director Christopher V. Dodds sold 9,284 shares of the 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 directly owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,823 shares of company stock worth $2,171,194. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 1.4 %

Shares of NYSE:SCHW opened at $76.53 on Friday. 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 company has a fifty day simple moving average of $77.63 and a 200 day simple moving average of $70.63. The firm has a market cap of $136.20 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.99. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.13 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio is currently 39.06%.

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.