Secured Retirement Advisors LLC Buys 911 Shares of The Charles Schwab Co. (NYSE:SCHW)

Secured Retirement Advisors LLC raised its position in The Charles Schwab Co. (NYSE:SCHW) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 28,487 shares of the financial services provider’s stock after buying an additional 911 shares during the period. Charles Schwab comprises approximately 1.2% of Secured Retirement Advisors LLC’s holdings, making the stock its 23rd largest holding. Secured Retirement Advisors LLC’s holdings in Charles Schwab were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC boosted its stake in Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 124 shares during the last quarter. N.E.W. Advisory Services LLC boosted its position in shares of Charles Schwab by 1.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 125 shares during the last quarter. Stablepoint Partners LLC grew its stake in shares of Charles Schwab by 1.1% during the fourth quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 141 shares during the period. Index Fund Advisors Inc. increased its holdings in Charles Schwab by 1.6% in the fourth quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 143 shares during the last quarter. Finally, Michael S. Ryan Inc. lifted its stake in Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after buying an additional 144 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SCHW shares. Redburn Partners decreased their target price on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. JMP Securities restated a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $89.00 to $93.00 in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.56.

Charles Schwab Stock Down 1.5 %

Charles Schwab stock opened at $80.32 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The company has a fifty day simple moving average of $78.03 and a 200 day simple moving average of $72.35. The company has a market cap of $142.94 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99.

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

Charles Schwab Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s dividend payout ratio is 33.44%.

Insider Buying and Selling at Charles Schwab

In related news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. The trade was a 31.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 512,143 shares of company stock worth $41,917,493 over the last quarter. 6.60% of the stock is currently owned by insiders.

Charles Schwab Profile

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.