Oak Thistle LLC Has $692,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Oak Thistle LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHWFree Report) by 137.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,052 shares of the financial services provider’s stock after buying an additional 5,816 shares during the quarter. Oak Thistle LLC’s holdings in Charles Schwab were worth $692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signet Financial Management LLC grew its position in shares of Charles Schwab by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after purchasing an additional 139 shares during the period. Courier Capital LLC grew its position in shares of Charles Schwab by 0.4% in the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 161 shares during the period. Investment Advisory Services Inc. TX ADV grew its position in shares of Charles Schwab by 0.5% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock valued at $2,718,000 after purchasing an additional 164 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Finally, Red Spruce Capital LLC grew its position in shares of Charles Schwab by 0.4% in the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after purchasing an additional 172 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price target for the company in a research report on Friday, March 22nd. Citigroup downgraded Charles Schwab from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.00 to $70.00 in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods downgraded Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $75.00 to $70.00 in a research report on Thursday, January 18th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Raymond James reduced their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.12.

View Our Latest Analysis on Charles Schwab

Insider Activity at Charles Schwab

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total value of $2,033,389.80. Following the sale, the insider now directly owns 81,446 shares in the company, valued at $5,522,038.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,584 shares of company stock worth $14,200,769. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Down 1.2 %

SCHW opened at $71.48 on Wednesday. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $72.94. The stock’s fifty day simple moving average is $66.15 and its 200 day simple moving average is $61.54. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a market cap of $126.76 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating 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 business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. As a group, research analysts expect that The Charles Schwab Co. will post 3.36 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Charles Schwab Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SCHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Charles Schwab Co. (NYSE:SCHWFree Report).

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

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