The Charles Schwab Co. (NYSE:SCHW) Stock Position Increased by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 123,731 shares of the financial services provider’s stock after buying an additional 2,042 shares during the period. Charles Schwab accounts for approximately 3.1% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 9th biggest position. Westbourne Investment Advisors Inc.’s holdings in Charles Schwab were worth $9,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHW. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the 3rd quarter valued at $25,000. Washington Trust Advisors Inc. lifted its holdings in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at about $32,000. Finally, Planning Capital Management Corp bought a new position in shares of Charles Schwab in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock worth $4,052,281 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Charles Schwab stock opened at $83.18 on Friday. The company has a market cap of $148.04 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.04. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $77.99 and its 200-day moving average price is $71.66.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Charles Schwab’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.30%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s payout ratio is 33.44%.

Analyst Ratings Changes

SCHW has been the subject of several recent research reports. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. UBS Group upped their price objective on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Cowen lifted their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Citigroup upped their price target on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Barclays lifted their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.50.

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.