Jacobson & Schmitt Advisors LLC Purchases 718 Shares of The Charles Schwab Co. (NYSE:SCHW)

Jacobson & Schmitt Advisors LLC grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,359 shares of the financial services provider’s stock after buying an additional 718 shares during the quarter. Charles Schwab accounts for approximately 2.3% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Jacobson & Schmitt Advisors LLC’s holdings in Charles Schwab were worth $12,016,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SCHW. Franklin Resources Inc. lifted its position in shares of Charles Schwab by 15.0% during the 3rd quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock worth $1,644,674,000 after buying an additional 3,157,923 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Charles Schwab by 6.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after buying an additional 1,711,312 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Charles Schwab by 2,617.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock worth $110,681,000 after buying an additional 1,644,931 shares in the last quarter. KBC Group NV lifted its position in shares of Charles Schwab by 186.7% during the 4th quarter. KBC Group NV now owns 2,138,033 shares of the financial services provider’s stock worth $158,236,000 after buying an additional 1,392,255 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Charles Schwab during the 3rd quarter worth approximately $86,845,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.7 %

SCHW opened at $82.03 on Thursday. The company has a fifty day moving average price of $77.98 and a 200-day moving average price of $72.76. The firm has a market capitalization of $146.11 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results 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 firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. Equities research analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is 36.12%.

Insider Activity

In related news, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 502,859 shares of company stock worth $41,161,496 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SCHW shares. Barclays lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Citigroup lifted their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Redburn Partners lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.33.

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.