Swedbank AB Has $46.21 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Swedbank AB lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 624,421 shares of the financial services provider’s stock after acquiring an additional 19,160 shares during the quarter. Swedbank AB’s holdings in Charles Schwab were worth $46,213,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Washington Trust Advisors Inc. raised its position in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Charles Schwab during the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new position in Charles Schwab during the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC bought a new position in Charles Schwab during the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Charles Schwab during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Price Performance

SCHW stock opened at $82.13 on Thursday. The company has a market capitalization of $146.17 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.46 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 Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35. The business has a 50-day simple moving average of $77.86 and a two-hundred day simple moving average of $70.92.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Research analysts expect that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.31%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is 33.44%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SCHW shares. Cowen raised their target price on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Redburn Partners lowered their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Raymond James lowered their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus price target of $84.11.

Insider Transactions at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock worth $4,052,281 in the last 90 days. Insiders own 6.60% 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.