Brown Advisory Securities LLC raised its position in Charles Schwab Corp (NYSE:SCHW) by 13.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 177,011 shares of the financial services provider’s stock after purchasing an additional 20,645 shares during the period. Charles Schwab makes up 1.8% of Brown Advisory Securities LLC’s portfolio, making the stock its 7th biggest holding. Brown Advisory Securities LLC’s holdings in Charles Schwab were worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHW. State of Tennessee Treasury Department grew its holdings in shares of Charles Schwab by 34.8% during the 4th quarter. State of Tennessee Treasury Department now owns 1,144,594 shares of the financial services provider’s stock worth $58,798,000 after purchasing an additional 295,316 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Charles Schwab by 0.9% during the 4th quarter. First Republic Investment Management Inc. now owns 446,372 shares of the financial services provider’s stock worth $22,930,000 after purchasing an additional 4,031 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Charles Schwab by 16.3% during the 4th quarter. Suntrust Banks Inc. now owns 101,057 shares of the financial services provider’s stock worth $5,190,000 after purchasing an additional 14,136 shares in the last quarter. Dynamic Advisors Solutions LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth $257,000. Finally, Norinchukin Bank The grew its holdings in shares of Charles Schwab by 12.8% during the 4th quarter. Norinchukin Bank The now owns 59,816 shares of the financial services provider’s stock worth $3,073,000 after purchasing an additional 6,776 shares in the last quarter. 80.45% of the stock is currently owned by hedge funds and other institutional investors.
Charles Schwab Corp (SCHW) opened at $52.34 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The company has a market capitalization of $70,170.00, a PE ratio of 33.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. Charles Schwab Corp has a 1 year low of $37.16 and a 1 year high of $56.25.
Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. equities research analysts anticipate that Charles Schwab Corp will post 2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a $0.10 dividend. The ex-dividend date is Thursday, February 8th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.76%. Charles Schwab’s dividend payout ratio (DPR) is currently 25.32%.
Several research firms have recently issued reports on SCHW. Credit Suisse Group reduced their target price on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Citigroup downgraded Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price objective for the company. in a research report on Wednesday, February 7th. Morgan Stanley upped their price objective on Charles Schwab from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Nomura restated a “neutral” rating and set a $54.00 price objective (up from $50.00) on shares of Charles Schwab in a research report on Thursday, January 18th. Finally, SunTrust Banks restated a “buy” rating on shares of Charles Schwab in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Charles Schwab currently has a consensus rating of “Buy” and an average target price of $53.88.
In other Charles Schwab news, Chairman Charles R. Schwab sold 300,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $55.31, for a total value of $16,593,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marie A. Chandoha sold 56,327 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $45.86, for a total value of $2,583,156.22. The disclosure for this sale can be found here. Insiders sold 1,723,394 shares of company stock valued at $89,004,177 over the last quarter. Corporate insiders own 12.00% of the company’s stock.
Charles Schwab Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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