Three Bridge Wealth Advisors LLC Makes New Investment in The Charles Schwab Co. (NYSE:SCHW)

Three Bridge Wealth Advisors LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,919 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHW. Capital Performance Advisors LLP purchased a new position in Charles Schwab in the third quarter valued at approximately $25,000. Washington Trust Advisors Inc. raised its stake in shares of Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the 3rd quarter valued at $31,000. Planning Capital Management Corp acquired a new position in shares of Charles Schwab during the 3rd quarter valued at $33,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab in the 3rd quarter valued at $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 47,514 shares of company stock valued at $3,859,731 in the last quarter. Insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 1.0 %

NYSE:SCHW opened at $82.37 on Thursday. The company has a market cap of $146.59 billion, a PE ratio of 27.55, a P/E/G ratio of 1.02 and a beta of 0.99. The business’s 50 day moving average is $78.04 and its two-hundred day moving average is $72.11. 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 $84.50.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s payout ratio is 33.44%.

Analysts Set New Price Targets

A number of brokerages have commented on SCHW. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Bank of America decreased their price target on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Morgan Stanley lifted their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Barclays lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $84.56.

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.