Blueprint Investment Partners LLC Makes New $463,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Blueprint Investment Partners LLC acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 6,258 shares of the financial services provider’s stock, valued at approximately $463,000.

Other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC raised its holdings in shares of Charles Schwab by 230.1% in the fourth quarter. Merit Financial Group LLC now owns 33,546 shares of the financial services provider’s stock valued at $2,483,000 after purchasing an additional 23,383 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Charles Schwab by 2,840.7% in the third quarter. Benjamin Edwards Inc. now owns 6,146 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 5,937 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Charles Schwab by 46.0% in the third quarter. Synovus Financial Corp now owns 67,889 shares of the financial services provider’s stock valued at $4,400,000 after purchasing an additional 21,377 shares during the last quarter. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Charles Schwab in the fourth quarter valued at about $688,000. Finally, Golden State Equity Partners raised its holdings in shares of Charles Schwab by 293.9% in the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 9,108 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SCHW shares. Barclays increased their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Morgan Stanley raised their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. JMP Securities restated a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $78.47 on Monday. 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 firm has a market capitalization of $142.30 billion, a PE ratio of 26.24, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a 50-day moving average price of $78.99 and a two-hundred day moving average price of $74.87.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. Equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is 36.12%.

Insider Transactions at Charles Schwab

In other news, insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the transaction, the insider now owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction 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. The trade was a 31.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 501,087 shares of company stock valued at $40,952,233. 6.60% of the stock is currently owned by company 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.