Linscomb Wealth Inc. Acquires 1,383 Shares of The Charles Schwab Co. (NYSE:SCHW)

Linscomb Wealth Inc. boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,479 shares of the financial services provider’s stock after purchasing an additional 1,383 shares during the quarter. Linscomb Wealth Inc.’s holdings in Charles Schwab were worth $2,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the third quarter worth approximately $25,000. Washington Trust Advisors Inc. grew 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 valued at $25,000 after buying an additional 149 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Charles Schwab during the 3rd quarter worth $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab during the third quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the third quarter valued at about $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 487,820 shares of company stock valued at $39,938,849 over the last quarter. 6.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SCHW has been the subject of several analyst reports. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Redburn Partners cut their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley lifted their price objective on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $78.53 on Friday. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $84.50. 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 company has a market cap of $139.87 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 0.99 and a beta of 0.99. The firm has a 50 day simple moving average of $78.27 and a 200 day simple moving average of $73.41.

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

Charles Schwab Increases Dividend

The company also recently declared 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 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 1.38%. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is 36.12%.

Charles Schwab 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.