Dana Investment Advisors Inc. Sells 446 Shares of The Charles Schwab Co. (NYSE:SCHW)

Dana Investment Advisors Inc. decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,138 shares of the financial services provider’s stock after selling 446 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Charles Schwab were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SCHW. Graypoint LLC lifted its position in Charles Schwab by 8.2% in the 3rd quarter. Graypoint LLC now owns 8,828 shares of the financial services provider’s stock worth $572,000 after buying an additional 670 shares during the last quarter. Principal Financial Group Inc. lifted its position in Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock valued at $432,536,000 after purchasing an additional 38,201 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Charles Schwab in the third quarter valued at approximately $25,000. Leavell Investment Management Inc. lifted its position in Charles Schwab by 71.9% in the third quarter. Leavell Investment Management Inc. now owns 12,026 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 5,029 shares during the last quarter. Finally, Equitable Trust Co. lifted its position in Charles Schwab by 7.4% in the third quarter. Equitable Trust Co. now owns 13,493 shares of the financial services provider’s stock valued at $874,000 after purchasing an additional 935 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction 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 filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock valued at $40,952,233 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Down 1.3 %

NYSE SCHW opened at $74.58 on Friday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The stock has a market cap of $135.25 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.99 and a beta of 0.98. The stock’s fifty day moving average price is $78.50 and its 200-day moving average price is $73.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, equities analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.

Analysts Set New Price Targets

Several analysts have weighed in on SCHW shares. Citigroup boosted their price objective on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group boosted their price objective on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley upped their target price on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and a consensus price target of $86.33.

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.