Investor s Fiduciary Advisor Network LLC Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Investor s Fiduciary Advisor Network LLC acquired a new position in The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,481 shares of the financial services provider’s stock, valued at approximately $1,219,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC NC purchased a new position in shares of Charles Schwab during the 4th quarter worth $232,000. Gotham Asset Management LLC lifted its position in Charles Schwab by 2.4% in the fourth quarter. Gotham Asset Management LLC now owns 30,613 shares of the financial services provider’s stock valued at $2,266,000 after buying an additional 718 shares during the last quarter. Graham Capital Management L.P. boosted its stake in Charles Schwab by 248.3% during the fourth quarter. Graham Capital Management L.P. now owns 112,376 shares of the financial services provider’s stock worth $8,317,000 after buying an additional 80,112 shares during the period. Ethic Inc. increased its position in shares of Charles Schwab by 15.4% during the fourth quarter. Ethic Inc. now owns 152,798 shares of the financial services provider’s stock valued at $11,309,000 after acquiring an additional 20,377 shares during the last quarter. Finally, Eschler Asset Management LLP boosted its position in shares of Charles Schwab by 3.7% during the 4th quarter. Eschler Asset Management LLP now owns 10,724 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $84.53 on Friday. The firm has a market capitalization of $153.30 billion, a P/E ratio of 28.27, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $85.19. The firm’s 50 day moving average is $77.48 and its two-hundred day moving average is $77.89.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the business earned $0.74 EPS. Research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.28%. Charles Schwab’s dividend payout ratio is presently 32.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SCHW. UBS Group boosted their target price on Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research note on Friday, January 17th. Morgan Stanley raised Charles Schwab from an “equal weight” rating to an “overweight” rating and set a $76.00 target price for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Finally, Barclays cut their target price on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and an average price target of $87.22.

Insiders Place Their Bets

In other news, insider Jonathan M. Craig sold 9,559 shares of Charles Schwab stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total value of $783,838.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares of the company’s stock, valued at approximately $12,784,750.12. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,041 shares of company stock valued at $41,072,558 over the last quarter. Company insiders own 6.30% of the company’s stock.

About Charles Schwab

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.