Allen Mooney & Barnes Investment Advisors LLC Purchases 2,628 Shares of The Charles Schwab Co. (NYSE:SCHW)

Allen Mooney & Barnes Investment Advisors LLC grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,530 shares of the financial services provider’s stock after purchasing an additional 2,628 shares during the quarter. Charles Schwab makes up approximately 2.2% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 13th biggest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Charles Schwab were worth $13,287,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. increased its holdings in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Charles Schwab in the third quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth about $32,000. Finally, Planning Capital Management Corp bought a new stake in shares of Charles Schwab in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SCHW shares. Jefferies Financial Group upped their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $95.00 in a report on Monday, December 9th. Finally, Citigroup lowered their target price on Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.63.

Charles Schwab Stock Down 0.5 %

NYSE:SCHW opened at $72.30 on Wednesday. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35. The firm has a market capitalization of $128.67 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. 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 stock’s 50 day moving average price is $77.62 and its two-hundred day moving average price is $70.58.

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

Charles Schwab Dividend Announcement

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

Insider Activity at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total value of $2,150,368.00. Following the completion of the sale, the director now directly owns 551,329 shares of the company’s stock, valued at $39,783,900.64. This trade represents a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,623 shares of company stock worth $4,321,562. 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.