Collective Family Office LLC Makes New $216,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Collective Family Office LLC purchased a new stake in The Charles Schwab Co. (NYSE:SCHWFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,146 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Charles Schwab in the 4th quarter valued at about $1,325,555,000. Morgan Stanley lifted its stake in shares of Charles Schwab by 62.5% during the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after buying an additional 8,563,389 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Charles Schwab by 26.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in Charles Schwab by 91,051.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock worth $446,706,000 after acquiring an additional 5,359,307 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Charles Schwab by 186.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after acquiring an additional 4,624,302 shares during the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Trading Up 0.7 %

NYSE:SCHW opened at $67.04 on Friday. The company has a market cap of $118.89 billion, a PE ratio of 26.39, a P/E/G ratio of 1.31 and a beta of 1.00. The business’s 50 day moving average is $64.81 and its two-hundred day moving average is $60.64. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $71.40.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. On average, analysts predict that The Charles Schwab Co. will post 3.34 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.49%. Charles Schwab’s dividend payout ratio is presently 39.37%.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the sale, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Charles Schwab news, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total value of $1,047,976.60. Following the sale, the chairman now directly owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nigel J. Murtagh sold 29,991 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the sale, the insider now owns 81,446 shares in the company, valued at $5,522,038.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,607 shares of company stock worth $13,214,499. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup cut Charles Schwab from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $70.00 in a report on Wednesday, January 10th. Raymond James cut their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. JMP Securities reissued a “market outperform” rating and set a $77.00 price objective on shares of Charles Schwab in a research note on Thursday, January 18th. Keefe, Bruyette & Woods lowered Charles Schwab from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $75.00 to $70.00 in a research report on Thursday, January 18th. Finally, Barclays lifted their target price on Charles Schwab from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.06.

Get Our Latest Analysis on Charles Schwab

Charles Schwab Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWFree Report).

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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