Westbourne Investment Advisors Inc. Has $8.23 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Westbourne Investment Advisors Inc. boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,685 shares of the financial services provider’s stock after purchasing an additional 2,517 shares during the quarter. Charles Schwab comprises 3.3% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 7th largest holding. Westbourne Investment Advisors Inc.’s holdings in Charles Schwab were worth $8,234,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. State Street Corp lifted its holdings in shares of Charles Schwab by 0.7% in 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 purchasing an additional 398,367 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Charles Schwab by 26.3% during 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 during the last quarter. Geode Capital Management LLC increased its position in shares of Charles Schwab by 1.5% during the first 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 in the last quarter. Morgan Stanley raised its holdings in shares of Charles Schwab by 62.5% in 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 bought a new position in Charles Schwab in the 4th quarter valued at about $1,325,555,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $0.13 during trading on Thursday, reaching $72.25. 2,474,496 shares of the company’s stock traded hands, compared to its average volume of 7,746,977. The firm’s 50-day moving average is $65.43 and its 200 day moving average is $61.18. The company has a market capitalization of $128.13 billion, a P/E ratio of 28.36, a PEG ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a 1 year low of $45.65 and a 1 year high of $72.94. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. Equities research analysts expect that The Charles Schwab Co. will post 3.33 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.25 dividend. 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 is currently 39.37%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were 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 approximately $41,207,857.59. The transaction was disclosed in a 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 Charles Schwab stock in a transaction that occurred 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 completion of the sale, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 29,991 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $67.80, for a total transaction of $2,033,389.80. Following the completion of the transaction, the insider now directly owns 81,446 shares in the company, valued at approximately $5,522,038.80. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock valued at $14,200,769 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SCHW. Deutsche Bank Aktiengesellschaft increased their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Barclays lifted their price objective on shares of Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. Redburn Atlantic initiated coverage on shares of Charles Schwab in a research report on Friday, December 1st. They set a “sell” rating and a $52.00 price target on the stock. Keefe, Bruyette & Woods downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $75.00 to $70.00 in a research report on Thursday, January 18th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.12.

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.