Tlwm Increases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Tlwm raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,461 shares of the financial services provider’s stock after buying an additional 695 shares during the quarter. Tlwm’s holdings in Charles Schwab were worth $1,218,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SCHW. Alliance Wealth Advisors LLC raised its stake in Charles Schwab by 2.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 142 shares during the last quarter. Michael S. Ryan Inc. raised its stake in shares of Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 144 shares during the last quarter. GS Investments Inc. lifted its holdings in shares of Charles Schwab by 0.3% during the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock worth $3,722,000 after purchasing an additional 146 shares during the period. Washington Trust Advisors Inc. increased its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Finally, Arcataur Capital Management LLC raised its position in Charles Schwab by 2.3% during the 3rd quarter. Arcataur Capital Management LLC now owns 6,648 shares of the financial services provider’s stock worth $431,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the sale, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction 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 owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,968 shares of company stock valued at $8,842,821. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $72.64 on Tuesday. The stock has a market capitalization of $129.27 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The Charles Schwab Co. has a 52 week low of $59.67 and a 52 week high of $83.35. The firm has a 50-day simple moving average of $77.60 and a 200-day simple moving average of $70.59. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last released 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 analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. On average, equities analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James decreased their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company raised their target price on Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.69.

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.