Choreo LLC Purchases 6,047 Shares of The Charles Schwab Co. (NYSE:SCHW)

Choreo LLC boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 123,458 shares of the financial services provider’s stock after purchasing an additional 6,047 shares during the quarter. Choreo LLC’s holdings in Charles Schwab were worth $9,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank increased its stake in shares of Charles Schwab by 7.0% in the 3rd quarter. Czech National Bank now owns 304,322 shares of the financial services provider’s stock valued at $19,723,000 after acquiring an additional 19,833 shares during the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of Charles Schwab by 10.4% in the 3rd quarter. MBM Wealth Consultants LLC now owns 17,052 shares of the financial services provider’s stock valued at $1,105,000 after buying an additional 1,607 shares during the last quarter. Tealwood Asset Management Inc. acquired a new stake in shares of Charles Schwab in the 3rd quarter valued at approximately $1,669,000. Brookstone Capital Management raised its stake in Charles Schwab by 5.2% in the 3rd quarter. Brookstone Capital Management now owns 8,468 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 422 shares during the period. Finally, Talbot Financial LLC raised its stake in Charles Schwab by 6.4% in the 3rd quarter. Talbot Financial LLC now owns 163,640 shares of the financial services provider’s stock valued at $10,605,000 after acquiring an additional 9,906 shares during the period. 84.38% of the stock is owned by institutional investors.

Charles Schwab Stock Performance

NYSE:SCHW opened at $81.90 on Wednesday. The stock’s 50-day simple moving average is $77.99 and its 200 day simple moving average is $71.50. The firm has a market capitalization of $145.75 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.84.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group increased their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group increased their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Citigroup increased their price objective on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their price objective on Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.11.

Insider Activity

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on 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 can be accessed through this link. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab 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 completion of the transaction, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is currently owned by corporate insiders.

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.