Investors Asset Management of Georgia Inc. GA ADV Acquires 200 Shares of The Charles Schwab Co. (NYSE:SCHW)

Investors Asset Management of Georgia Inc. GA ADV increased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,451 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Charles Schwab were worth $306,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SCHW. Norges Bank bought a new stake in Charles Schwab in the 4th quarter worth about $1,325,555,000. Morgan Stanley boosted its position in Charles Schwab by 62.5% in the fourth 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. Massachusetts Financial Services Co. MA boosted its position in Charles Schwab by 26.3% in 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. Moneta Group Investment Advisors LLC boosted its position in Charles Schwab by 91,051.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock worth $446,706,000 after purchasing an additional 5,359,307 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after purchasing an additional 4,624,302 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SCHW shares. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Morgan Stanley boosted their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Barclays boosted their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three 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. According to MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $74.47.

Charles Schwab Trading Up 0.7 %

Shares of NYSE SCHW traded up $0.53 during trading hours on Thursday, hitting $73.03. 4,079,463 shares of the company traded hands, compared to its average volume of 7,699,379. The stock has a market capitalization of $129.71 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. 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 company’s 50 day moving average price is $68.17 and its 200 day moving average price is $62.82. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.88.

Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.41 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now owns 581,457 shares of the company’s stock, valued at approximately $41,207,857.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the transaction, the director now owns 581,457 shares of the company’s stock, valued at approximately $41,207,857.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,584 shares of company stock valued at $14,200,769. 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.