Ibex Wealth Advisors Invests $255,000 in The Charles Schwab Co. (NYSE:SCHW)

Ibex Wealth Advisors bought a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) in the 4th quarter, Holdings Channel.com reports. The firm bought 3,448 shares of the financial services provider’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in shares of Charles Schwab in the third quarter worth about $25,000. Washington Trust Advisors Inc. lifted its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after buying an additional 149 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Charles Schwab during the third quarter valued at approximately $32,000. Finally, Planning Capital Management Corp bought a new position in shares of Charles Schwab during the third quarter valued at approximately $33,000. 84.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,014 shares of company stock worth $4,052,281. 6.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group increased their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. 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 research report on Friday, January 17th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus price target of $84.11.

Charles Schwab Stock Up 0.5 %

Shares of Charles Schwab stock opened at $82.13 on Thursday. The company has a 50-day simple moving average of $77.86 and a two-hundred day simple moving average of $70.92. The stock has a market capitalization of $146.17 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

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.