Pinkerton Retirement Specialists LLC lifted its stake in shares of Charles Schwab Co. (NYSE:SCHW) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,548 shares of the financial services provider’s stock after acquiring an additional 1,888 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in Charles Schwab were worth $1,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LVW Advisors LLC lifted its holdings in shares of Charles Schwab by 3.9% in the fourth quarter. LVW Advisors LLC now owns 5,868 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 218 shares in the last quarter. Kaizen Advisory LLC raised its holdings in shares of Charles Schwab by 8.0% during the fourth quarter. Kaizen Advisory LLC now owns 3,217 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 237 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Charles Schwab by 3.2% during the fourth quarter. Wesbanco Bank Inc. now owns 7,946 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 250 shares in the last quarter. Good Life Advisors LLC raised its holdings in shares of Charles Schwab by 4.0% during the fourth quarter. Good Life Advisors LLC now owns 6,531 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 252 shares in the last quarter. Finally, First Personal Financial Services grew its position in shares of Charles Schwab by 51.9% in the fourth quarter. First Personal Financial Services now owns 825 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 282 shares during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

SCHW traded up $0.26 during midday trading on Monday, reaching $42.06. 162,159 shares of the company’s stock were exchanged, compared to its average volume of 6,200,713. The stock has a market cap of $55.71 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.83, a current ratio of 1.08 and a debt-to-equity ratio of 0.38. Charles Schwab Co. has a one year low of $37.83 and a one year high of $60.22.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Charles Schwab had a net margin of 34.61% and a return on equity of 20.11%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. Equities research analysts expect that Charles Schwab Co. will post 2.8 EPS for the current fiscal year.

Charles Schwab declared that its board has authorized a stock repurchase program on Wednesday, January 30th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 6.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th were paid a dividend of $0.17 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.62%. Charles Schwab’s dividend payout ratio (DPR) is currently 27.76%.

In other news, insider Walter W. Bettinger bought 124,669 shares of the business’s stock in a transaction dated Wednesday, December 26th. The stock was bought at an average price of $38.81 per share, for a total transaction of $4,838,403.89. Following the completion of the purchase, the insider now owns 335,093 shares of the company’s stock, valued at approximately $13,004,959.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 250,000 shares of Charles Schwab stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $47.04, for a total transaction of $11,760,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 356,416 shares of company stock valued at $16,652,483. Corporate insiders own 11.50% of the company’s stock.

SCHW has been the topic of several research analyst reports. Zacks Investment Research downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. UBS Group downgraded Charles Schwab from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $48.00 to $42.00 in a research report on Wednesday, February 20th. ValuEngine downgraded Charles Schwab from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Wolfe Research raised Charles Schwab from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley decreased their target price on Charles Schwab from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, January 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Charles Schwab currently has an average rating of “Hold” and a consensus price target of $53.15.

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Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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