Assetmark Inc. Increases Position in The Charles Schwab Co. (NYSE:SCHW)

Assetmark Inc. boosted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,616 shares of the financial services provider’s stock after acquiring an additional 29,717 shares during the period. Assetmark Inc.’s holdings in Charles Schwab were worth $6,785,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WealthPlan Investment Management LLC acquired a new position in Charles Schwab in the 3rd quarter valued at about $1,458,000. Main Street Financial Solutions LLC boosted its holdings in Charles Schwab by 15.5% in the 3rd quarter. Main Street Financial Solutions LLC now owns 7,480 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 1,005 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Charles Schwab by 9.0% in the 3rd quarter. Private Advisor Group LLC now owns 104,479 shares of the financial services provider’s stock valued at $5,736,000 after purchasing an additional 8,643 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Charles Schwab by 522.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,234 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Charles Schwab by 5.9% in the 3rd quarter. Signaturefd LLC now owns 26,263 shares of the financial services provider’s stock valued at $1,442,000 after purchasing an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.0 %

SCHW stock opened at $75.29 on Thursday. The Charles Schwab Co. has a one year low of $48.66 and a one year high of $79.49. The stock has a market capitalization of $133.81 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a fifty day moving average of $73.39 and a 200-day moving average of $67.01.

Charles Schwab (NYSE:SCHW) last released its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. As a group, analysts expect that The Charles Schwab Co. will post 3.4 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares in the company, valued at $45,027,491.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the completion of the sale, the director now owns 574,257 shares in the company, valued at $45,027,491.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter B. Crawford sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total transaction of $361,405.00. Following the completion of the sale, the chief financial officer now owns 24,111 shares of the company’s stock, valued at approximately $1,584,333.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 622,536 shares of company stock worth $46,208,155. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SCHW. Barclays boosted their target price on shares of Charles Schwab from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Citigroup upped their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, April 16th. Finally, Bank of America upped their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $74.47.

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.