Trust Point Inc. Acquires 1,152 Shares of The Charles Schwab Co. (NYSE:SCHW)

Trust Point Inc. boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 18.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,519 shares of the financial services provider’s stock after purchasing an additional 1,152 shares during the quarter. Trust Point Inc.’s holdings in Charles Schwab were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SCHW. Capital Performance Advisors LLP purchased a new position in Charles Schwab during the third quarter valued at $25,000. Washington Trust Advisors Inc. boosted its holdings in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Charles Schwab during the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab in the third quarter worth about $32,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Charles Schwab in the third quarter worth about $33,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,014 shares of company stock worth $4,052,281. Company insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 1.0 %

Shares of SCHW opened at $81.90 on Wednesday. The firm has a market capitalization of $145.75 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.01 and a beta of 0.99. 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 Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $83.84. The company has a 50-day moving average of $77.99 and a 200 day moving average of $71.36.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. On average, research analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. Charles Schwab’s dividend payout ratio is presently 33.44%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCHW. Cowen raised their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley raised their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Keefe, Bruyette & Woods upped their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. The Goldman Sachs Group lifted their price objective on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $84.11.

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.