State of Alaska Department of Revenue Has $12.61 Million Position in The Charles Schwab Co. (NYSE:SCHW)

State of Alaska Department of Revenue lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,432 shares of the financial services provider’s stock after selling 3,180 shares during the period. State of Alaska Department of Revenue’s holdings in Charles Schwab were worth $12,613,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Washington Trust Advisors Inc. lifted its holdings in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Charles Schwab during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new position in Charles Schwab during the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new stake in Charles Schwab in the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab in the 3rd quarter worth $33,000. Institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated 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 owns 18,617 shares of the company’s stock, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,014 shares of company stock worth $4,052,281. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $81.79 on Thursday. The firm’s 50 day simple moving average is $77.99 and its 200 day simple moving average is $71.50. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.84. The company has a market capitalization of $145.57 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the business posted $0.68 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued 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%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SCHW shares. JPMorgan Chase & Co. upped their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Barclays increased their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Raymond James decreased their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Redburn Partners dropped their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $84.11.

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.