The Charles Schwab Co. (NYSE:SCHW) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 125.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 87,013 shares of the financial services provider’s stock after purchasing an additional 48,435 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Charles Schwab were worth $6,440,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SCHW. Beck Mack & Oliver LLC lifted its stake in Charles Schwab by 1.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 2,123,211 shares of the financial services provider’s stock worth $157,139,000 after purchasing an additional 29,993 shares in the last quarter. Forum Financial Management LP lifted its stake in Charles Schwab by 13.5% during the 4th quarter. Forum Financial Management LP now owns 19,636 shares of the financial services provider’s stock worth $1,453,000 after acquiring an additional 2,336 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Charles Schwab by 19.8% during the 4th quarter. GeoWealth Management LLC now owns 18,987 shares of the financial services provider’s stock valued at $1,405,000 after acquiring an additional 3,134 shares during the period. Capital International Investors grew its position in Charles Schwab by 7.0% in the 4th quarter. Capital International Investors now owns 1,206,172 shares of the financial services provider’s stock valued at $89,269,000 after acquiring an additional 79,082 shares in the last quarter. Finally, Alpha DNA Investment Management LLC increased its stake in Charles Schwab by 119.3% during the fourth quarter. Alpha DNA Investment Management LLC now owns 40,274 shares of the financial services provider’s stock worth $2,981,000 after purchasing an additional 21,906 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 1.1 %

SCHW stock opened at $76.52 on Friday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $138.77 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a fifty day moving average price of $77.16 and a 200 day moving average price of $76.58.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the company posted $0.74 earnings per share. Sell-side analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s payout ratio is currently 36.12%.

Analysts Set New Price Targets

SCHW has been the topic of several recent research reports. 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. Deutsche Bank Aktiengesellschaft boosted their target price on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their target price on shares of Charles Schwab from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. Finally, UBS Group increased their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.44.

Insider Transactions at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now owns 45,824 shares of the company’s stock, valued at $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 513,081 shares of company stock worth $41,903,066. Company insiders own 6.30% of the company’s stock.

Charles Schwab 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.