The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,469 shares of the financial services provider’s stock after buying an additional 3,367 shares during the quarter. Pacer Advisors Inc.’s holdings in Charles Schwab were worth $6,843,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCHW. Sugarloaf Wealth Management LLC increased its position in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 165 shares during the last quarter. Hall Laurie J Trustee bought a new stake in shares of Charles Schwab in the 4th quarter worth about $34,000. Worth Asset Management LLC bought a new stake in shares of Charles Schwab in the 1st quarter worth about $32,000. Providence Capital Advisors LLC bought a new stake in shares of Charles Schwab in the 3rd quarter worth about $28,000. Finally, CVA Family Office LLC bought a new stake in shares of Charles Schwab in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,522,038.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Charles Schwab news, insider Nigel J. Murtagh sold 29,991 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $67.80, for a total value of $2,033,389.80. Following the transaction, the insider now owns 81,446 shares of the company’s stock, valued at $5,522,038.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Insiders have sold 216,584 shares of company stock valued at $14,200,769 in the last 90 days. 6.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. TD Cowen raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price for the company in a research report on Friday, March 22nd. Redburn Atlantic started coverage on shares of Charles Schwab in a research report on Friday, December 1st. They set a “sell” rating and a $52.00 price objective for the company. Citigroup downgraded shares of Charles Schwab from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.00 to $70.00 in a research report on Wednesday, January 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Finally, UBS Group boosted their price objective on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.12.

Charles Schwab Trading Up 2.0 %

Shares of Charles Schwab stock opened at $72.41 on Thursday. The stock has a market capitalization of $128.42 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a 50-day simple moving average of $65.43 and a 200 day simple moving average of $61.18. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $72.94.

Charles Schwab (NYSE:SCHW) last posted 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 analysts’ expectations of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. Research analysts expect that The Charles Schwab Co. will post 3.33 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is 39.37%.

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.