Commonwealth Retirement Investments LLC Buys 3,952 Shares of The Charles Schwab Co. (NYSE:SCHW)

Commonwealth Retirement Investments LLC grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,191 shares of the financial services provider’s stock after buying an additional 3,952 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Charles Schwab were worth $2,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Charles Schwab by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 10,438,852 shares of the financial services provider’s stock worth $772,579,000 after buying an additional 60,683 shares in the last quarter. Pring Turner Capital Group Inc. increased its stake in Charles Schwab by 7.1% in the 4th quarter. Pring Turner Capital Group Inc. now owns 80,655 shares of the financial services provider’s stock worth $5,969,000 after acquiring an additional 5,314 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of Charles Schwab in the 4th quarter valued at about $165,000. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in shares of Charles Schwab by 0.3% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 282,092 shares of the financial services provider’s stock valued at $20,878,000 after acquiring an additional 761 shares during the last quarter. Finally, Edge Capital Group LLC grew its holdings in shares of Charles Schwab by 5.7% during the fourth quarter. Edge Capital Group LLC now owns 5,625 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 304 shares in the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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. In the last quarter, insiders sold 487,820 shares of company stock valued at $39,938,849. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW stock opened at $80.16 on Tuesday. 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 fifty-two week low of $61.01 and a fifty-two week high of $84.50. The firm has a market cap of $142.78 billion, a P/E ratio of 26.81, a P/E/G ratio of 0.99 and a beta of 0.99. The business’s 50 day moving average price is $78.03 and its 200-day moving average price is $73.22.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period in the prior year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate 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 will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.35%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Analysts Set New Price Targets

A number of research firms have commented on SCHW. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and boosted their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Morgan Stanley raised their price target on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Barclays increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group increased their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.33.

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.