The Charles Schwab Co. (NYSE:SCHW) Stake Raised by Jacobs & Co. CA

Jacobs & Co. CA boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,938 shares of the financial services provider’s stock after acquiring an additional 4,700 shares during the quarter. Jacobs & Co. CA’s holdings in Charles Schwab were worth $11,003,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SCHW. Providence Capital Advisors LLC purchased a new position in Charles Schwab in the 3rd quarter worth about $28,000. Sugarloaf Wealth Management LLC grew its stake in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares in the last quarter. Worth Asset Management LLC purchased a new position in Charles Schwab during the 1st quarter valued at about $32,000. BluePath Capital Management LLC acquired a new stake in shares of Charles Schwab during the 3rd quarter valued at about $34,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of Charles Schwab during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 2.0 %

SCHW stock opened at $72.41 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $65.43 and a two-hundred day moving average price of $61.18. The company has a market cap of $128.42 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $72.94.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. Analysts anticipate that The Charles Schwab Co. will post 3.33 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. Charles Schwab’s payout ratio is presently 39.37%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, 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 the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the completion of the transaction, the chairman now directly 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. Insiders have sold a total of 216,584 shares of company stock worth $14,200,769 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SCHW shares. Barclays boosted 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. Keefe, Bruyette & Woods cut Charles Schwab from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $75.00 to $70.00 in a research report on Thursday, January 18th. UBS Group boosted their price objective on Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, Raymond James lowered their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $71.12.

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.