The Charles Schwab Co. (NYSE:SCHW) Shares Acquired by Sfmg LLC

Sfmg LLC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,913 shares of the financial services provider’s stock after acquiring an additional 1,445 shares during the quarter. Sfmg LLC’s holdings in Charles Schwab were worth $3,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHW. Massachusetts Financial Services Co. MA grew its position in shares of 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 acquiring an additional 6,195,934 shares during the last quarter. Geode Capital Management LLC increased its stake in Charles Schwab by 1.5% in the first 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 purchasing an additional 391,238 shares during the period. Morgan Stanley raised its holdings in shares of Charles Schwab by 62.5% in the fourth 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 during the last quarter. Norges Bank purchased a new stake in shares of Charles Schwab in the fourth quarter valued at about $1,325,555,000. Finally, Invesco Ltd. grew its holdings in shares of Charles Schwab by 3.3% during the third quarter. Invesco Ltd. now owns 15,560,924 shares of the financial services provider’s stock worth $854,295,000 after buying an additional 502,304 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Nigel J. Murtagh sold 29,991 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock valued at $14,200,769 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock traded up $1.84 during trading hours on Wednesday, hitting $73.07. The company’s stock had a trading volume of 12,021,566 shares, compared to its average volume of 6,668,537. 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 business has a fifty day moving average of $67.97 and a 200-day moving average of $62.75. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $73.65. The stock has a market cap of $129.78 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SCHW. Barclays increased their price objective on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday. Morgan Stanley raised their target price on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Bank of America boosted their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab 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.