Klein Pavlis & Peasley Financial Inc. Has $4.35 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Klein Pavlis & Peasley Financial Inc. raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,798 shares of the financial services provider’s stock after acquiring an additional 2,229 shares during the quarter. Charles Schwab makes up 3.5% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 5th biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Charles Schwab were worth $4,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bleakley Financial Group LLC increased its stake in Charles Schwab by 0.9% during the fourth quarter. Bleakley Financial Group LLC now owns 25,344 shares of the financial services provider’s stock valued at $1,876,000 after purchasing an additional 228 shares during the last quarter. YANKCOM Partnership acquired a new position in Charles Schwab during the 4th quarter valued at approximately $107,000. Choreo LLC grew its stake in Charles Schwab by 5.2% during the 4th quarter. Choreo LLC now owns 123,458 shares of the financial services provider’s stock worth $9,128,000 after buying an additional 6,047 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in Charles Schwab in the fourth quarter worth $236,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Charles Schwab by 3.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,500 shares of the financial services provider’s stock valued at $16,179,000 after acquiring an additional 7,746 shares during the period. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now owns 18,617 shares in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold 50,014 shares of company stock worth $4,052,281 over the last ninety days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of SCHW opened at $81.79 on Thursday. 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 $145.57 billion, a PE ratio of 27.36, a PEG ratio of 1.01 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.84. The firm’s 50 day moving average price is $77.97 and its 200 day moving average price is $71.57.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. As a group, research analysts expect that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

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

Wall Street Analyst Weigh In

SCHW has been the topic of several analyst reports. Citigroup raised their price target on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their target price on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. UBS Group upped their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.11.

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.