Oliver Luxxe Assets LLC Purchases 23,187 Shares of The Charles Schwab Co. (NYSE:SCHW)

Oliver Luxxe Assets LLC raised its position in The Charles Schwab Co. (NYSE:SCHW) by 61.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,655 shares of the financial services provider’s stock after acquiring an additional 23,187 shares during the period. Oliver Luxxe Assets LLC’s holdings in Charles Schwab were worth $4,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Asset Management Inc increased its position in shares of Charles Schwab by 3.5% in the 2nd quarter. TD Asset Management Inc now owns 536,906 shares of the financial services provider’s stock valued at $39,565,000 after acquiring an additional 18,121 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Charles Schwab by 4.0% during the second quarter. Victory Capital Management Inc. now owns 579,518 shares of the financial services provider’s stock worth $42,705,000 after purchasing an additional 22,208 shares during the last quarter. New York Life Investment Management LLC lifted its position in Charles Schwab by 0.8% during the second quarter. New York Life Investment Management LLC now owns 204,902 shares of the financial services provider’s stock valued at $15,099,000 after purchasing an additional 1,707 shares during the period. Private Advisor Group LLC raised its stake in shares of Charles Schwab by 11.2% during the 2nd quarter. Private Advisor Group LLC now owns 104,276 shares of the financial services provider’s stock valued at $7,684,000 after buying an additional 10,534 shares during the last quarter. Finally, Candriam S.C.A. lifted its holdings in shares of Charles Schwab by 9.0% in the 2nd quarter. Candriam S.C.A. now owns 98,226 shares of the financial services provider’s stock valued at $7,238,000 after buying an additional 8,118 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,968 shares of company stock worth $8,842,821. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 0.0 %

Shares of SCHW traded down $0.01 during midday trading on Monday, hitting $74.44. The company had a trading volume of 4,866,882 shares, compared to its average volume of 5,001,241. The Charles Schwab Co. has a 1 year low of $59.67 and a 1 year high of $83.35. The firm has a market capitalization of $132.48 billion, a P/E ratio of 29.08, a P/E/G ratio of 1.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company’s 50-day simple moving average is $77.40 and its 200-day simple moving average is $70.61.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is 39.06%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Citigroup decreased their target price on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.50.

Charles Schwab Company 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.