Webster Bank N. A. Purchases 375 Shares of The Charles Schwab Co. (NYSE:SCHW)

Webster Bank N. A. lifted its position in The Charles Schwab Co. (NYSE:SCHWFree Report) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,662 shares of the financial services provider’s stock after acquiring an additional 375 shares during the period. Webster Bank N. A.’s holdings in Charles Schwab were worth $2,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Norges Bank bought a new position in Charles Schwab during the fourth quarter valued at approximately $1,325,555,000. Morgan Stanley lifted its position in Charles Schwab by 62.5% during the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after purchasing an additional 8,563,389 shares during the period. Massachusetts Financial Services Co. MA raised its position in Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the period. Moneta Group Investment Advisors LLC raised its position in Charles Schwab by 91,051.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock worth $446,706,000 after acquiring an additional 5,359,307 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock worth $390,234,000 after acquiring an additional 4,624,302 shares during the period. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SCHW shares. Raymond James decreased their price target on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Barclays increased their price target on shares of Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Keefe, Bruyette & Woods downgraded 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 report on Thursday, January 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, UBS Group increased their price target on shares of Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and an average price target of $71.12.

Check Out Our Latest Stock Report on Charles Schwab

Charles Schwab Stock Performance

SCHW opened at $71.42 on Thursday. The stock has a market capitalization of $126.66 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.37 and a beta of 1.01. The company has a fifty day moving average of $66.46 and a 200 day moving average of $61.70. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $72.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43.

Charles Schwab (NYSE:SCHWGet Free Report) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. Charles Schwab’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period last year, the company posted $1.07 earnings per share. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 3.36 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the completion of the sale, the director now owns 581,457 shares of the company’s stock, valued at approximately $41,207,857.59. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock valued at $14,200,769 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Company 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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