Trust Point Inc. Increases Stake in The Charles Schwab Co. (NYSE:SCHW)

Trust Point Inc. boosted its stake in The Charles Schwab Co. (NYSE:SCHW) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,519 shares of the financial services provider’s stock after buying an additional 1,152 shares during the period. Trust Point Inc.’s holdings in Charles Schwab were worth $557,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SCHW. Childress Capital Advisors LLC lifted its stake in shares of Charles Schwab by 4.8% in the 4th quarter. Childress Capital Advisors LLC now owns 3,481 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 158 shares during the period. Optas LLC raised its holdings in Charles Schwab by 25.7% in the fourth quarter. Optas LLC now owns 4,708 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 964 shares in the last quarter. Financial Life Planners purchased a new position in Charles Schwab during the fourth quarter valued at $46,000. Resonant Capital Advisors LLC boosted its holdings in shares of Charles Schwab by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 32,471 shares of the financial services provider’s stock valued at $2,403,000 after buying an additional 580 shares in the last quarter. Finally, Panoramic Investment Advisors LLC boosted its holdings in shares of Charles Schwab by 3.0% during the 4th quarter. Panoramic Investment Advisors LLC now owns 12,633 shares of the financial services provider’s stock valued at $935,000 after buying an additional 365 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Cowen lifted their target price on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Barclays upped their price target on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Finally, Jefferies Financial Group increased their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.11.

Insider Activity at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now directly owns 442,807 shares in the company, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm’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 transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares in the company, 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. Over the last ninety days, insiders sold 50,014 shares of company stock worth $4,052,281. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

Shares of SCHW opened at $81.90 on Wednesday. The firm has a fifty day simple moving average of $77.99 and a two-hundred day simple moving average of $71.36. The firm has a market cap of $145.75 billion, a PE ratio of 27.39, a P/E/G ratio of 1.01 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.84.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

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.