Franklin Street Advisors Inc. NC Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Franklin Street Advisors Inc. NC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 622.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 140,415 shares of the financial services provider’s stock after acquiring an additional 120,983 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Charles Schwab were worth $9,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SCHW. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at $28,000. Sugarloaf Wealth Management LLC grew its position in Charles Schwab by 60.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the period. Worth Asset Management LLC purchased a new stake in Charles Schwab during the first quarter worth about $32,000. BluePath Capital Management LLC bought a new stake in Charles Schwab in the third quarter worth about $34,000. Finally, Hall Laurie J Trustee purchased a new position in Charles Schwab in the fourth quarter valued at about $34,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Down 0.1 %

Charles Schwab stock opened at $72.34 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $72.94. The stock has a market cap of $128.29 billion, a P/E ratio of 28.48, a PEG ratio of 1.38 and a beta of 1.00. The firm’s fifty day moving average price is $65.61 and its 200-day moving average price is $61.26.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period last year, the company earned $1.07 EPS. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. Equities research analysts forecast that The Charles Schwab Co. will post 3.36 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is 39.37%.

Insider Activity at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 over the last 90 days. 6.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on SCHW. Keefe, Bruyette & Woods lowered shares of Charles Schwab from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $75.00 to $70.00 in a research note on Thursday, January 18th. JMP Securities reaffirmed a “market outperform” rating and set a $77.00 price target on shares of Charles Schwab in a research report on Thursday, January 18th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. UBS Group upped their price objective on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Citigroup lowered shares of Charles Schwab from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $70.00 in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.12.

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.