The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in The Charles Schwab Co. (NYSE:SCHW) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 637,957 shares of the financial services provider’s stock after buying an additional 43,308 shares during the period. Asset Management One Co. Ltd.’s holdings in Charles Schwab were worth $47,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in Charles Schwab by 78.9% during 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. Procyon Advisors LLC raised its holdings in shares of Charles Schwab by 5.4% during the 3rd quarter. Procyon Advisors LLC now owns 3,437 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 176 shares during the period. Creative Planning raised its holdings in shares of Charles Schwab by 18.3% during the 3rd quarter. Creative Planning now owns 511,376 shares of the financial services provider’s stock worth $31,891,000 after acquiring an additional 79,166 shares during the period. Swedbank AB boosted its position in shares of Charles Schwab by 3.7% during the 3rd quarter. Swedbank AB now owns 605,261 shares of the financial services provider’s stock valued at $39,227,000 after acquiring an additional 21,699 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its holdings in shares of Charles Schwab by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 14,666 shares of the financial services provider’s stock valued at $951,000 after purchasing an additional 396 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares of the company’s stock, valued at $36,057,774.01. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,514 shares of company stock valued at $3,859,731 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

Shares of SCHW opened at $81.64 on Friday. 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 fifty-two week low of $61.01 and a fifty-two week high of $84.50. The company has a market cap of $145.29 billion, a P/E ratio of 27.30, a PEG ratio of 1.02 and a beta of 0.99. The firm’s 50 day moving average price is $78.06 and its 200 day moving average price is $72.18.

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, beating 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 business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 33.44%.

Analysts Set New Price Targets

A number of brokerages have commented on SCHW. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. UBS Group increased their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Two equities 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, the company currently has an average rating of “Hold” and an average price target of $84.56.

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.