Bay Colony Advisory Group Inc d b a Bay Colony Advisors Makes New $202,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in The Charles Schwab Co. (NYSE:SCHW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,936 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Investment Research & Advisory Group Inc. lifted its holdings in shares of Charles Schwab by 1.0% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 58,979 shares of the financial services provider’s stock worth $4,058,000 after acquiring an additional 607 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Charles Schwab by 0.5% in the 3rd quarter. Bamco Inc. NY now owns 8,102,475 shares of the financial services provider’s stock worth $444,826,000 after acquiring an additional 42,588 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Charles Schwab by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 551,682 shares of the financial services provider’s stock worth $30,287,000 after acquiring an additional 166,316 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Charles Schwab by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 883,379 shares of the financial services provider’s stock worth $60,776,000 after acquiring an additional 160,719 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its holdings in Charles Schwab by 6.1% during the 3rd quarter. 180 Wealth Advisors LLC now owns 32,214 shares of the financial services provider’s stock valued at $1,769,000 after buying an additional 1,843 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $73.05 on Wednesday. The Charles Schwab Co. has a one year low of $45.65 and a one year high of $73.65. The company’s 50-day moving average is $67.97 and its 200 day moving average is $62.75. The company has a market capitalization of $129.74 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. 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:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The firm 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 business’s quarterly revenue was down 18.9% on a year-over-year basis. Sell-side analysts expect that The Charles Schwab Co. will post 3.4 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock worth $14,200,769 in the last quarter. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. TD Cowen upped their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.47.

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.