C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in The Charles Schwab Co. (NYSE:SCHW)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,757 shares of the financial services provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the 3rd quarter worth approximately $25,000. 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 acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Charles Schwab in the 3rd quarter worth approximately $31,000. Planning Capital Management Corp purchased a new stake in Charles Schwab in the 3rd quarter worth approximately $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Charles Schwab in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Arun Sarin sold 8,548 shares of Charles Schwab 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 sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 490,120 shares of company stock worth $40,127,472 over the last three months. 6.60% of the stock is owned by insiders.

Analysts Set New Price Targets

SCHW has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Jefferies Financial Group increased their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. UBS Group increased their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Redburn Partners cut their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Down 0.2 %

Shares of SCHW opened at $81.88 on Friday. The company has a market cap of $145.84 billion, a PE ratio of 27.38, a P/E/G ratio of 0.99 and a beta of 0.99. The business has a fifty day moving average of $77.97 and a 200 day moving average of $72.83. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $84.50. 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 issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate 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 was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. On average, sell-side analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Charles Schwab 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.