Integrated Investment Consultants LLC Boosts Stake in The Charles Schwab Co. (NYSE:SCHW)

Integrated Investment Consultants LLC lifted its stake in The Charles Schwab Co. (NYSE:SCHWFree Report) by 25.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,364 shares of the financial services provider’s stock after acquiring an additional 5,118 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Charles Schwab were worth $1,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sugarloaf Wealth Management LLC boosted its position in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the period. Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $34,000. Worth Asset Management LLC purchased a new stake in shares of Charles Schwab in the first quarter worth about $32,000. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab in the third quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SCHW. Citigroup downgraded Charles Schwab from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.00 to $70.00 in a report on Wednesday, January 10th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Raymond James reduced their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. Finally, Barclays upped their price objective on Charles Schwab from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.12.

Read Our Latest Stock Analysis on Charles Schwab

Insider Buying and Selling

In related news, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now directly owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 in the last three months. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Down 0.1 %

Shares of Charles Schwab stock opened at $71.42 on Thursday. The business’s fifty day moving average price is $66.46 and its two-hundred day moving average price is $61.70. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $126.66 billion, a P/E ratio of 28.12, a PEG ratio of 1.37 and a beta of 1.01. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $72.94.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. As a group, research analysts forecast that The Charles Schwab Co. will post 3.36 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Charles Schwab 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.

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

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