Disciplined Investors L.L.C. Invests $1.02 Million in The Charles Schwab Co. (NYSE:SCHW)

Disciplined Investors L.L.C. acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,994 shares of the financial services provider’s stock, valued at approximately $1,017,000.

Several other institutional investors have also bought and sold shares of SCHW. Bryce Point Capital LLC acquired a new stake in Charles Schwab in the fourth quarter worth approximately $554,000. Huntington National Bank lifted its holdings in shares of Charles Schwab by 65.9% in the fourth quarter. Huntington National Bank now owns 35,148 shares of the financial services provider’s stock valued at $2,601,000 after buying an additional 13,957 shares during the period. RFG Bristol Wealth Advisors LLC acquired a new position in Charles Schwab during the fourth quarter worth about $852,000. Groupama Asset Managment bought a new stake in Charles Schwab in the fourth quarter worth about $2,423,000. Finally, Trexquant Investment LP lifted its holdings in Charles Schwab by 156.2% in the 4th quarter. Trexquant Investment LP now owns 432,215 shares of the financial services provider’s stock valued at $31,988,000 after acquiring an additional 263,526 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $78.67 on Thursday. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $142.67 billion, a PE ratio of 26.31, a PEG ratio of 0.99 and a beta of 0.91. The stock’s fifty day simple moving average is $79.48 and its 200 day simple moving average is $75.69.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the business earned $0.68 EPS. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is 36.12%.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. UBS Group lifted their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Morgan Stanley upped their target price on Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.28.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the sale, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. The trade was a 31.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. The trade was a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 513,081 shares of company stock valued at $41,903,066 in the last 90 days. 6.60% of the stock is currently owned by company insiders.

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.