Angeles Wealth Management LLC Purchases Shares of 5,194 The Charles Schwab Co. (NYSE:SCHW)

Angeles Wealth Management LLC acquired a new position in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,194 shares of the financial services provider’s stock, valued at approximately $384,000.

Several other institutional investors have also modified their holdings of the company. Brookstone Capital Management grew its stake in shares of Charles Schwab by 5.2% in the 3rd quarter. Brookstone Capital Management now owns 8,468 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 422 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Charles Schwab by 78.9% in the third quarter. Exchange Traded Concepts LLC now owns 19,773 shares of the financial services provider’s stock worth $1,281,000 after buying an additional 8,721 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of Charles Schwab by 10.6% in the third quarter. CHICAGO TRUST Co NA now owns 3,353 shares of the financial services provider’s stock valued at $217,000 after buying an additional 320 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Charles Schwab by 682.4% during the 3rd quarter. Sound Income Strategies LLC now owns 1,064 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 928 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its stake in shares of Charles Schwab by 4.0% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,468 shares of the financial services provider’s stock worth $2,428,000 after acquiring an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SCHW shares. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Redburn Partners dropped their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. UBS Group upped their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, JMP Securities reiterated a “market outperform” rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.50.

Insider Transactions at Charles Schwab

In other Charles Schwab news, 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 transaction of $1,181,690.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,514 shares of company stock worth $3,859,731. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Trading Down 2.5 %

Shares of NYSE SCHW opened at $81.13 on Tuesday. The stock has a market cap of $144.38 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.02 and a beta of 0.99. The business has a 50 day simple moving average of $78.00 and a 200 day simple moving average of $71.88. 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 52 week low of $61.01 and a 52 week high of $84.04.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results 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. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. On average, research analysts predict that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

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.