Moss Adams Wealth Advisors LLC Makes New $233,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Moss Adams Wealth Advisors LLC purchased a new position in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,382 shares of the financial services provider’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in Charles Schwab by 26.3% during the third 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. Fisher Asset Management LLC lifted its holdings in Charles Schwab by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock valued at $1,281,584,000 after acquiring an additional 296,317 shares during the last quarter. Invesco Ltd. lifted its holdings in Charles Schwab by 3.3% in the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock valued at $854,295,000 after acquiring an additional 502,304 shares during the last quarter. Northern Trust Corp grew its position in Charles Schwab by 2.3% in the third quarter. Northern Trust Corp now owns 15,550,474 shares of the financial services provider’s stock worth $853,721,000 after acquiring an additional 356,112 shares during the period. Finally, Bamco Inc. NY increased its stake in Charles Schwab by 0.5% during the third quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 1.1 %

NYSE:SCHW traded up $0.85 during trading hours on Wednesday, hitting $76.40. The company’s stock had a trading volume of 5,189,835 shares, compared to its average volume of 7,574,732. The stock has a market capitalization of $135.68 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average of $71.20 and a 200-day moving average of $65.15. The Charles Schwab Co. has a 52-week low of $46.55 and a 52-week high of $77.05.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. On average, equities analysts forecast that The Charles Schwab Co. will post 3.42 earnings per share for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio is presently 41.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen increased their price target on Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, Bank of America lifted their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.47.

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,702,034.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Peter B. Crawford sold 5,481 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.51, for a total transaction of $413,870.31. Following the completion of the sale, the chief financial officer now owns 60,567 shares in the company, valued at approximately $4,573,414.17. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 659,587 shares of company stock worth $47,399,731. 6.60% of the stock is currently owned by insiders.

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.