WealthShield Partners LLC Has $2.09 Million Position in The Charles Schwab Co. (NYSE:SCHW)

WealthShield Partners LLC increased its holdings in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,422 shares of the financial services provider’s stock after acquiring an additional 2,477 shares during the quarter. WealthShield Partners LLC’s holdings in Charles Schwab were worth $2,093,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp increased its holdings in shares of Charles Schwab by 0.7% during the 2nd quarter. State Street Corp now owns 60,391,016 shares of the financial services provider’s stock worth $3,422,963,000 after acquiring an additional 398,367 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Charles Schwab by 26.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Geode Capital Management LLC grew its holdings in Charles Schwab by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock valued at $1,413,244,000 after buying an additional 391,238 shares in the last quarter. Morgan Stanley grew its holdings in Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after buying an additional 8,563,389 shares in the last quarter. Finally, Norges Bank acquired a new position in Charles Schwab in the 4th quarter valued at $1,325,555,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Up 0.0 %

Shares of SCHW traded up $0.02 during mid-day trading on Wednesday, reaching $71.48. 3,448,340 shares of the company were exchanged, compared to its average volume of 7,654,401. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $72.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $126.77 billion, a PE ratio of 28.22, a PEG ratio of 1.38 and a beta of 1.01. The business has a 50 day simple moving average of $66.30 and a two-hundred day simple moving average of $61.63.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the company earned $1.07 earnings per share. The firm’s revenue was down 18.9% compared to the same quarter last year. On average, analysts predict that The Charles Schwab Co. will post 3.36 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.40%. Charles Schwab’s dividend payout ratio is currently 39.37%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,584 shares of company stock valued at $14,200,769. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the topic of several analyst reports. Citigroup lowered Charles Schwab from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $75.00 to $70.00 in a report on Wednesday, January 10th. Keefe, Bruyette & Woods lowered Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $75.00 to $70.00 in a report on Thursday, January 18th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Raymond James reduced their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Finally, Barclays increased their target price on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.12.

Check Out Our Latest Stock Analysis on SCHW

Charles Schwab Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

Receive News & Ratings for Charles Schwab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charles Schwab and related companies with MarketBeat.com's FREE daily email newsletter.