O ROURKE & COMPANY Inc Buys 142 Shares of The Charles Schwab Co. (NYSE:SCHW)

O ROURKE & COMPANY Inc raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,958 shares of the financial services provider’s stock after acquiring an additional 142 shares during the period. O ROURKE & COMPANY Inc’s holdings in Charles Schwab were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gladstone Institutional Advisory LLC grew its stake in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 124 shares during the period. N.E.W. Advisory Services LLC grew its position in shares of Charles Schwab by 1.7% in the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 125 shares during the period. Klingman & Associates LLC increased its stake in shares of Charles Schwab by 3.2% during the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Charles Schwab by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 127 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its stake in Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock valued at $832,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several research reports. Wells Fargo & Company decreased their target price on Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Citigroup upgraded shares of Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Finally, JMP Securities reduced their price objective on Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.33.

Insider Activity at Charles Schwab

In related news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction that occurred on 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 in the company, valued at $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $77.43, for a total transaction of $261,713.40. Following the completion of the sale, the insider now directly owns 45,824 shares in the company, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 513,081 shares of company stock worth $41,903,066. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $76.97 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $139.59 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The business has a 50-day moving average of $77.77 and a 200 day moving average of $76.14. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is presently 36.12%.

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.