The Charles Schwab Co. (NYSE:SCHW) Stake Raised by Modus Advisors LLC

Modus Advisors LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,255 shares of the financial services provider’s stock after buying an additional 993 shares during the period. Modus Advisors LLC’s holdings in Charles Schwab were worth $3,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the third quarter worth approximately $25,000. Washington Trust Advisors Inc. boosted its holdings in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab in the 3rd quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Charles Schwab during the 3rd quarter worth approximately $32,000. Finally, Planning Capital Management Corp acquired a new stake in Charles Schwab in the 3rd quarter valued at $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. JMP Securities reissued a “market outperform” rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Citigroup dropped their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Morgan Stanley increased their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price target on Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $80.50.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.16, for a total transaction of $2,150,368.00. Following the completion of the transaction, the director now owns 551,329 shares in the company, valued at approximately $39,783,900.64. This trade represents a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,968 shares of company stock valued at $8,842,821. Company insiders own 6.60% of the company’s stock.

Charles Schwab Trading Down 0.3 %

NYSE SCHW traded down $0.19 during trading hours on Friday, reaching $73.65. The company’s stock had a trading volume of 513,471 shares, compared to its average volume of 3,083,043. The firm has a fifty day simple moving average of $77.35 and a 200-day simple moving average of $70.63. The Charles Schwab Co. has a 52 week low of $59.67 and a 52 week high of $83.35. The stock has a market cap of $131.07 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.76 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company posted $0.77 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities analysts forecast that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

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.