The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Keystone Financial Services

Keystone Financial Services raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,283 shares of the financial services provider’s stock after buying an additional 299 shares during the period. Keystone Financial Services’ holdings in Charles Schwab were worth $776,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of 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 worth $1,634,700,000 after purchasing an additional 6,195,934 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $1,413,244,000 after purchasing an additional 391,238 shares during the last quarter. Morgan Stanley grew its stake in shares of Charles Schwab by 62.5% in the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after purchasing an additional 8,563,389 shares during the last quarter. Norges Bank acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $1,325,555,000. Finally, Invesco Ltd. grew its stake in shares of Charles Schwab by 3.3% in the 3rd quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after purchasing an additional 502,304 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 0.8 %

Shares of SCHW stock traded down $0.57 during trading on Friday, hitting $70.05. 8,614,200 shares of the company were exchanged, compared to its average volume of 7,566,390. 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 firm has a market capitalization of $124.41 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.08 and a beta of 1.01. The business’s 50-day simple moving average is $67.57 and its 200 day simple moving average is $62.39. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $72.97.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The firm’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. As a group, analysts forecast that The Charles Schwab Co. will post 3.38 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 39.37%.

Insider Buying and Selling

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were 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 directly owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were 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 directly owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the completion of the sale, the chairman now owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCHW. Keefe, Bruyette & Woods cut shares of Charles Schwab from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $75.00 to $70.00 in a research note on Thursday, January 18th. UBS Group lifted their price objective on shares of Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Citigroup lifted their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $72.53.

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.