Integrated Advisors Network LLC Increases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Integrated Advisors Network LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 197.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,307 shares of the financial services provider’s stock after buying an additional 23,428 shares during the quarter. Integrated Advisors Network LLC’s holdings in Charles Schwab were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHW. Sugarloaf Wealth Management LLC lifted its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Charles Schwab during the 4th quarter valued at approximately $30,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charles Schwab during the fourth quarter worth approximately $31,000. Hall Laurie J Trustee bought a new stake in shares of Charles Schwab in the fourth quarter worth $34,000. Finally, Providence Capital Advisors LLC acquired a new stake in Charles Schwab in the third quarter valued at $28,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SCHW shares. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Citigroup lifted their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. 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 report on Tuesday, April 9th. TD Cowen lowered their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $80.00 price target on shares of Charles Schwab in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.65.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 89,275 shares of Charles Schwab stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the sale, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,482 shares of Charles Schwab stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $73.46, for a total transaction of $402,707.72. Following the completion of the sale, the chief financial officer now directly owns 60,567 shares of the company’s stock, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Insiders have sold 663,640 shares of company stock valued at $49,331,005 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Down 0.2 %

SCHW traded down $0.14 during trading hours on Friday, hitting $73.25. 5,756,153 shares of the company’s stock were exchanged, compared to its average volume of 6,447,748. The stock has a market cap of $130.19 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.12 and a beta of 0.96. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The stock’s 50-day moving average is $74.14 and its two-hundred day moving average is $69.07. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share 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 analysts’ expectations of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. Sell-side analysts predict that The Charles Schwab Co. will post 3.26 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 annualized dividend and a yield of 1.37%. Charles Schwab’s dividend payout ratio is currently 41.84%.

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.