Marshall & Sullivan Inc. WA Raises Stake in The Charles Schwab Co. (NYSE:SCHW)

Marshall & Sullivan Inc. WA increased its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,397 shares of the financial services provider’s stock after purchasing an additional 403 shares during the quarter. Charles Schwab accounts for 2.8% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 15th biggest position. Marshall & Sullivan Inc. WA’s holdings in Charles Schwab were worth $5,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. Elmwood Wealth Management Inc. boosted its holdings in shares of Charles Schwab by 16.1% during the fourth quarter. Elmwood Wealth Management Inc. now owns 17,346 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 2,405 shares during the period. Enterprise Bank & Trust Co lifted its holdings in Charles Schwab by 12.3% in the 4th quarter. Enterprise Bank & Trust Co now owns 11,213 shares of the financial services provider’s stock worth $830,000 after buying an additional 1,231 shares during the period. Cooper Financial Group grew its position in shares of Charles Schwab by 12.6% in the 4th quarter. Cooper Financial Group now owns 13,950 shares of the financial services provider’s stock worth $1,032,000 after buying an additional 1,566 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Charles Schwab by 13.7% during the fourth quarter. Wedmont Private Capital now owns 14,568 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 1,751 shares during the period. Finally, Capital Investment Advisors LLC raised its holdings in shares of Charles Schwab by 6.2% during the fourth quarter. Capital Investment Advisors LLC now owns 7,027 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 412 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Cowen lifted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Citigroup lowered their target price on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.69.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $0.43 during mid-day trading on Monday, reaching $72.34. 3,284,333 shares of the stock traded hands, compared to its average volume of 7,700,769. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a fifty-two week low of $59.67 and a fifty-two week high of $83.35. The stock has a market capitalization of $128.74 billion, a PE ratio of 28.26, a PEG ratio of 1.76 and a beta of 0.99. The business has a 50-day moving average of $77.57 and a 200 day moving average of $70.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Insider Buying and Selling

In other news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total value of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,968 shares of company stock valued at $8,842,821. Company insiders own 6.60% of the company’s stock.

Charles Schwab Company 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.