Allen Mooney & Barnes Investment Advisors LLC Grows Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Allen Mooney & Barnes Investment Advisors LLC grew its position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,763 shares of the financial services provider’s stock after acquiring an additional 3,927 shares during the quarter. Charles Schwab comprises 2.3% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 13th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Charles Schwab were worth $12,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Charles Schwab in the fourth quarter valued at about $1,325,555,000. Morgan Stanley grew its stake in shares of Charles Schwab by 62.5% in the fourth quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock valued at $1,853,005,000 after buying an additional 8,563,389 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Charles Schwab by 26.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock valued at $1,634,700,000 after buying an additional 6,195,934 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Charles Schwab by 91,051.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,365,193 shares of the financial services provider’s stock valued at $446,706,000 after buying an additional 5,359,307 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Charles Schwab by 186.2% in the third quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider’s stock valued at $390,234,000 after buying an additional 4,624,302 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.0 %

NYSE:SCHW opened at $72.36 on Tuesday. The Charles Schwab Co. has a 1-year low of $45.65 and a 1-year high of $72.94. The firm has a market capitalization of $128.33 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.38 and a beta of 1.01. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average price is $65.97 and its 200 day moving average price is $61.45.

Charles Schwab (NYSE:SCHWGet Free Report) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The business’s revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, sell-side analysts forecast that The Charles Schwab Co. will post 3.36 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.38%. Charles Schwab’s dividend payout ratio (DPR) is currently 39.37%.

Analyst Ratings Changes

SCHW has been the subject of a number of analyst reports. Barclays increased their target price on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. UBS Group increased their target price on Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 15th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $71.00 target price (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price target on the stock in a report on Friday, March 22nd. 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’s stock. According to data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $71.12.

View Our Latest Report on SCHW

Insider Buying and Selling at Charles Schwab

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the transaction, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the sale, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The disclosure for this sale can be found here. Insiders have sold a total of 216,584 shares of company stock worth $14,200,769 over the last three months. Corporate insiders own 6.60% of the company’s stock.

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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