The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Milestone Asset Management LLC

Milestone Asset Management LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,098 shares of the financial services provider’s stock after acquiring an additional 651 shares during the quarter. Milestone Asset Management LLC’s holdings in Charles Schwab were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New Century Financial Group LLC purchased a new stake in shares of Charles Schwab in the second quarter valued at approximately $225,000. Sanctuary Advisors LLC purchased a new stake in shares of Charles Schwab during the 2nd quarter worth $17,319,000. Heritage Wealth Management Inc. acquired a new position in shares of Charles Schwab during the 2nd quarter worth $499,000. Anchor Investment Management LLC increased its holdings in shares of Charles Schwab by 7.0% in the 2nd quarter. Anchor Investment Management LLC now owns 32,592 shares of the financial services provider’s stock valued at $2,402,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Charles Schwab by 38.8% in the second quarter. Centaurus Financial Inc. now owns 24,103 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 6,739 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $83.59 on Friday. The business has a fifty day simple moving average of $77.89 and a 200-day simple moving average of $71.00. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $83.84. The company has a market cap of $148.76 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.00 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.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Equities research analysts forecast that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.29%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 33.44%.

Insider Activity

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,014 shares of company stock valued at $4,052,281 in the last ninety days. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

SCHW has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Morgan Stanley raised their price target on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Raymond James decreased their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, UBS Group raised their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.11.

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.