702 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by BKM Wealth Management LLC

BKM Wealth Management LLC bought a new position in The Charles Schwab Co. (NYSE:SCHWFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 702 shares of the financial services provider’s stock, valued at approximately $48,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Signet Financial Management LLC grew its holdings in Charles Schwab by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after buying an additional 139 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its holdings in Charles Schwab by 0.5% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock valued at $2,718,000 after buying an additional 164 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. Red Spruce Capital LLC grew its holdings in Charles Schwab by 0.4% during the 4th quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock valued at $2,880,000 after buying an additional 172 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in Charles Schwab by 0.5% during the 2nd quarter. United Services Automobile Association now owns 34,807 shares of the financial services provider’s stock valued at $1,973,000 after buying an additional 173 shares in the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 71,226 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total value of $4,628,977.74. Following the completion of the transaction, the chairman now directly owns 61,251,038 shares in the company, valued at $3,980,704,959.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 71,226 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the transaction, the chairman now owns 61,251,038 shares in the company, valued at approximately $3,980,704,959.62. The disclosure for this sale can be found here. Insiders sold 202,607 shares of company stock worth $13,214,499 over the last three months. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Up 1.9 %

NYSE:SCHW opened at $69.68 on Thursday. The Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $71.40. The company has a market cap of $123.58 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. The stock has a fifty day simple moving average of $64.84 and a 200-day simple moving average of $60.76. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHWGet Free Report) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. Analysts anticipate that The Charles Schwab Co. will post 3.34 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. Charles Schwab’s payout ratio is currently 39.37%.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of research reports. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. UBS Group increased their target price on Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Citigroup downgraded Charles Schwab from a “buy” rating to a “neutral” rating and lowered their target price for the company from $75.00 to $70.00 in a research report on Wednesday, January 10th. TD Cowen initiated coverage on Charles Schwab in a research report on Thursday, January 4th. They set a “market perform” rating and a $77.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 target price (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.53.

Read Our Latest Report on SCHW

About Charles Schwab

(Free Report)

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.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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