RFG Advisory LLC Buys 216 Shares of The Charles Schwab Co. (NYSE:SCHW)

RFG Advisory LLC increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,225 shares of the financial services provider’s stock after purchasing an additional 216 shares during the quarter. RFG Advisory LLC’s holdings in Charles Schwab were worth $566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHW. Vontobel Holding Ltd. increased its stake in shares of Charles Schwab by 7.5% in the 1st quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock valued at $1,847,000 after buying an additional 1,452 shares during the period. Moors & Cabot Inc. increased its position in Charles Schwab by 4.3% in the first quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 259 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Charles Schwab by 25.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 2,648 shares during the last quarter. Brighton Jones LLC lifted its position in Charles Schwab by 7.5% during the 1st quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 267 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Charles Schwab by 16.6% in the 1st quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.7 %

NYSE SCHW opened at $70.61 on Friday. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $72.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50 day moving average price is $67.42 and its two-hundred day moving average price is $62.29. The stock has a market capitalization of $125.41 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. As a group, analysts anticipate that The Charles Schwab Co. will post 3.38 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s payout ratio is 39.37%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SCHW shares. UBS Group boosted their price target on shares of Charles Schwab from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Raymond James dropped their target price on shares of Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. Finally, Morgan Stanley boosted their target price on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.35.

Insider Activity at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the completion of the transaction, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $70.87, for a total transaction of $637,830.00. Following the sale, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab 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 completion of the transaction, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,584 shares of company stock valued at $14,200,769. 6.60% of the stock is owned by insiders.

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.