Uncommon Cents Investing LLC bought a new position in shares of Charles Schwab Corp (NYSE:SCHW) during the fourth quarter, HoldingsChannel.com reports. The firm bought 14,747 shares of the financial services provider’s stock, valued at approximately $787,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bogart Wealth LLC lifted its holdings in shares of Charles Schwab by 1,100.0% during the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,870 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Charles Schwab during the 4th quarter valued at about $187,000. Zions Bancorporation lifted its holdings in shares of Charles Schwab by 1,545.3% during the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Charles Schwab during the 4th quarter valued at about $208,000. Finally, Lourd Capital LLC bought a new position in shares of Charles Schwab during the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 79.47% of the company’s stock.
Several equities analysts have recently weighed in on SCHW shares. Deutsche Bank lifted their price objective on Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group started coverage on Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective on the stock. SunTrust Banks lifted their price objective on Charles Schwab to $56.00 and gave the company an “average” rating in a report on Friday, December 15th. They noted that the move was a valuation call. JMP Securities cut Charles Schwab from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $55.00 price objective (up previously from $47.00) on shares of Charles Schwab in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $53.88.
Shares of Charles Schwab Corp (NYSE SCHW) opened at $52.17 on Friday. Charles Schwab Corp has a 1 year low of $37.16 and a 1 year high of $56.25. The stock has a market capitalization of $69,940.00, a P/E ratio of 33.02, a P/E/G ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.
Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $0.36 EPS. Charles Schwab’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities analysts expect that Charles Schwab Corp will post 2.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s dividend payout ratio (DPR) is currently 25.32%.
Charles Schwab Company 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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