BankPlus Trust Department Invests $165,000 in The Charles Schwab Co. (NYSE:SCHW)

BankPlus Trust Department bought a new position in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,234 shares of the financial services provider’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in shares of Charles Schwab by 0.3% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 282,092 shares of the financial services provider’s stock worth $20,878,000 after purchasing an additional 761 shares during the last quarter. Edge Capital Group LLC grew its holdings in shares of Charles Schwab by 5.7% in the fourth quarter. Edge Capital Group LLC now owns 5,625 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 304 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Charles Schwab by 0.8% in the fourth quarter. Rothschild Investment LLC now owns 20,845 shares of the financial services provider’s stock worth $1,543,000 after purchasing an additional 168 shares during the last quarter. Conscious Wealth Investments LLC grew its holdings in shares of Charles Schwab by 0.9% in the fourth quarter. Conscious Wealth Investments LLC now owns 44,363 shares of the financial services provider’s stock worth $3,389,000 after purchasing an additional 393 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Charles Schwab by 167.6% in the fourth 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. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SCHW shares. Barclays lifted their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $80.16 on Tuesday. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The business has a 50-day simple moving average of $78.03 and a two-hundred day simple moving average of $73.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $142.78 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its earnings results 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 return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. On average, analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently announced 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 is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.35%. Charles Schwab’s payout ratio is 36.12%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction dated 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 487,820 shares of company stock worth $39,938,849 in the last three months. 6.60% of the stock is currently owned by company insiders.

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.