V Square Quantitative Management LLC Buys 1,618 Shares of The Charles Schwab Co. (NYSE:SCHW)

V Square Quantitative Management LLC lifted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,328 shares of the financial services provider’s stock after acquiring an additional 1,618 shares during the quarter. V Square Quantitative Management LLC’s holdings in Charles Schwab were worth $1,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Root Financial Partners LLC acquired a new position in shares of Charles Schwab in the 4th quarter worth approximately $1,210,000. Asset Management One Co. Ltd. boosted its holdings in shares of Charles Schwab by 7.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock worth $47,674,000 after acquiring an additional 43,308 shares in the last quarter. Avestar Capital LLC lifted its holdings in Charles Schwab by 20.0% during the 4th quarter. Avestar Capital LLC now owns 8,039 shares of the financial services provider’s stock worth $595,000 after buying an additional 1,339 shares in the last quarter. Raab & Moskowitz Asset Management LLC acquired a new position in Charles Schwab during the 4th quarter worth $607,000. Finally, Three Bridge Wealth Advisors LLC acquired a new position in Charles Schwab during the 4th quarter worth $216,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Trading Down 0.8 %

Shares of NYSE:SCHW opened at $81.64 on Friday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The stock has a market cap of $145.29 billion, a PE ratio of 27.30, a P/E/G ratio of 1.02 and a beta of 0.99. The business has a 50 day moving average of $78.06 and a 200-day moving average of $72.18. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 33.44%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Redburn Partners reduced their price objective on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Jefferies Financial Group upped their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley upped their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, UBS Group increased their price target on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. 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. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $84.56.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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. Insiders sold a total of 47,514 shares of company stock worth $3,859,731 over the last quarter. Company insiders own 6.60% of the company’s stock.

About Charles Schwab

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.