Michael S. Ryan Inc. Increases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Michael S. Ryan Inc. raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,998 shares of the financial services provider’s stock after acquiring an additional 144 shares during the quarter. Michael S. Ryan Inc.’s holdings in Charles Schwab were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the third quarter worth approximately $25,000. Washington Trust Advisors Inc. lifted its holdings in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab in the third quarter worth $32,000. Finally, Planning Capital Management Corp purchased a new stake in Charles Schwab during the third quarter valued at $33,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the sale, the chairman now directly owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the completion of the transaction, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,968 shares of company stock worth $8,842,821. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded up $0.67 during midday trading on Wednesday, hitting $72.93. The company had a trading volume of 9,558,277 shares, compared to its average volume of 7,998,878. The stock has a market cap of $129.79 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.76 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12-month low of $59.67 and a 12-month high of $83.35. The company has a fifty day simple moving average of $77.45 and a 200 day simple moving average of $70.62.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping 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 firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts predict that The Charles Schwab Co. will post 3.12 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Charles Schwab’s payout ratio is currently 39.06%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCHW. Cowen boosted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group upped their target price on shares of Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Jefferies Financial Group lifted their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley upped their price objective on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Citigroup lowered their target price on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $81.19.

Charles Schwab Company 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.