Professional Financial Advisors LLC Has $1.15 Million Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Professional Financial Advisors LLC grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 21.7% during the 4th quarter, Holdings Channel reports. The firm owned 16,654 shares of the financial services provider’s stock after buying an additional 2,965 shares during the period. Professional Financial Advisors LLC’s holdings in Charles Schwab were worth $1,146,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Charles Schwab by 0.7% during the 2nd quarter. State Street Corp now owns 60,391,016 shares of the financial services provider’s stock worth $3,422,963,000 after acquiring an additional 398,367 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Charles Schwab by 26.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 29,775,952 shares of the financial services provider’s stock worth $1,634,700,000 after acquiring an additional 6,195,934 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Charles Schwab by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 27,050,168 shares of the financial services provider’s stock worth $1,413,244,000 after acquiring an additional 391,238 shares during the last quarter. Morgan Stanley increased its holdings in shares of Charles Schwab by 62.5% during the 4th quarter. Morgan Stanley now owns 22,255,649 shares of the financial services provider’s stock worth $1,853,005,000 after acquiring an additional 8,563,389 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $1,325,555,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Trading Down 0.1 %

Shares of SCHW stock traded down $0.08 on Thursday, hitting $72.30. The company had a trading volume of 1,776,660 shares, compared to its average volume of 7,734,146. The firm has a market cap of $128.22 billion, a P/E ratio of 28.36, a P/E/G ratio of 1.37 and a beta of 1.00. The stock’s 50-day moving average is $65.43 and its two-hundred day moving average is $61.18. 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 Charles Schwab Co. has a twelve month low of $45.65 and a twelve month high of $72.94.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results 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 company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The business’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. On average, equities research analysts anticipate that The Charles Schwab Co. will post 3.33 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Redburn Atlantic assumed coverage on Charles Schwab in a report on Friday, December 1st. They set a “sell” rating and a $52.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $77.00 price target on shares of Charles Schwab in a research note on Thursday, January 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $71.00 price target (up from $70.00) on shares of Charles Schwab in a research note on Wednesday, January 3rd. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Citigroup downgraded Charles Schwab from a “buy” rating to a “neutral” rating and cut their target price for the company from $75.00 to $70.00 in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $71.12.

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.