Conscious Wealth Investments LLC Acquires 393 Shares of The Charles Schwab Co. (NYSE:SCHW)

Conscious Wealth Investments LLC raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,363 shares of the financial services provider’s stock after purchasing an additional 393 shares during the period. Charles Schwab accounts for about 2.3% of Conscious Wealth Investments LLC’s portfolio, making the stock its 19th largest position. Conscious Wealth Investments LLC’s holdings in Charles Schwab were worth $3,389,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd lifted its stake in shares of Charles Schwab by 167.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 55,463 shares of the financial services provider’s stock worth $4,105,000 after purchasing an additional 34,735 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Charles Schwab by 9.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 285,360 shares of the financial services provider’s stock worth $21,119,000 after purchasing an additional 25,600 shares in the last quarter. MONECO Advisors LLC raised its holdings in Charles Schwab by 9.0% in the fourth quarter. MONECO Advisors LLC now owns 3,372 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 279 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of Charles Schwab by 7.5% during the fourth quarter. Howard Capital Management Inc. now owns 9,081 shares of the financial services provider’s stock valued at $672,000 after buying an additional 632 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in shares of Charles Schwab by 2.8% in the 4th quarter. Wealthspire Advisors LLC now owns 45,308 shares of the financial services provider’s stock valued at $3,353,000 after buying an additional 1,232 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 487,820 shares of company stock valued at $39,938,849 in the last 90 days. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on SCHW shares. Redburn Partners reduced their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Jefferies Financial Group upped their price target on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Morgan Stanley raised their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Barclays upped their target price on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.33.

Charles Schwab Trading Down 1.6 %

Shares of Charles Schwab stock opened at $80.50 on Monday. The stock has a market cap of $143.38 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The firm has a fifty day moving average price of $77.98 and a 200 day moving average price of $73.10. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Equities research analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 36.12%.

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.