US Bancorp DE Purchases 90,985 Shares of The Charles Schwab Co. (NYSE:SCHW)

US Bancorp DE boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,435,414 shares of the financial services provider’s stock after buying an additional 90,985 shares during the quarter. US Bancorp DE owned approximately 0.14% of Charles Schwab worth $180,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in shares of Charles Schwab by 4.7% during the 3rd quarter. Principal Securities Inc. now owns 128,180 shares of the financial services provider’s stock valued at $8,307,000 after acquiring an additional 5,798 shares during the last quarter. Lebenthal Global Advisors LLC boosted its holdings in shares of Charles Schwab by 6.2% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 16,603 shares of the financial services provider’s stock valued at $1,076,000 after acquiring an additional 964 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Charles Schwab by 2.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,350 shares of the financial services provider’s stock valued at $1,773,000 after acquiring an additional 751 shares during the last quarter. VELA Investment Management LLC boosted its holdings in shares of Charles Schwab by 1.3% during the 3rd quarter. VELA Investment Management LLC now owns 23,657 shares of the financial services provider’s stock valued at $1,533,000 after acquiring an additional 313 shares during the last quarter. Finally, Biechele Royce Advisors boosted its holdings in shares of Charles Schwab by 10.0% during the 3rd quarter. Biechele Royce Advisors now owns 210,531 shares of the financial services provider’s stock valued at $13,644,000 after acquiring an additional 19,061 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Trading Up 1.6 %

Charles Schwab stock opened at $79.71 on Friday. The stock has a market cap of $141.99 billion, a P/E ratio of 26.66, a PEG ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The firm’s 50 day moving average price is $78.37 and its 200-day moving average price is $73.54.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SCHW. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Barclays raised their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. UBS Group lifted their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Redburn Partners lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.33.

Insider Buying and Selling

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares of the company’s stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 487,820 shares of company stock worth $39,938,849. 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.