The Charles Schwab Co. (NYSE:SCHW) Holdings Raised by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 25,416 shares of the financial services provider’s stock after acquiring an additional 980 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Charles Schwab were worth $1,881,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Charles Schwab in the 4th quarter worth about $38,000. Atala Financial Inc acquired a new stake in shares of Charles Schwab in the fourth quarter worth about $41,000. Knuff & Co LLC increased its holdings in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 563 shares during the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab in the 4th quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC acquired a new stake in Charles Schwab in the 4th quarter worth approximately $46,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SCHW shares. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group boosted 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. Finally, Redburn Partners lowered their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned 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 an average target price of $86.33.

Charles Schwab Stock Performance

Charles Schwab stock opened at $77.79 on Monday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. 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 stock has a fifty day moving average price of $79.55 and a two-hundred day moving average price of $75.45. The firm has a market capitalization of $141.08 billion, a P/E ratio of 26.02, a P/E/G ratio of 0.99 and a beta of 0.98.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. The ex-dividend date was Friday, February 14th. 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 1.39%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 8,614 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the transaction, the insider now owns 49,204 shares in the company, valued at $3,936,320. The trade was a 14.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 509,701 shares of company stock valued at $41,641,353 over the last ninety days. 6.60% of the stock is owned by 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.