Csenge Advisory Group Lowers Position in The Charles Schwab Co. (NYSE:SCHW)

Csenge Advisory Group trimmed its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,881 shares of the financial services provider’s stock after selling 331 shares during the period. Csenge Advisory Group’s holdings in Charles Schwab were worth $509,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Waypoint Wealth Partners Inc. purchased a new position in Charles Schwab during the 4th quarter valued at about $200,000. Secured Retirement Advisors LLC lifted its holdings in shares of Charles Schwab by 3.3% during the fourth quarter. Secured Retirement Advisors LLC now owns 28,487 shares of the financial services provider’s stock valued at $2,108,000 after purchasing an additional 911 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Charles Schwab in the 4th quarter worth approximately $2,691,000. Allworth Financial LP boosted its position in shares of Charles Schwab by 25.7% in the 4th quarter. Allworth Financial LP now owns 31,867 shares of the financial services provider’s stock worth $2,569,000 after purchasing an additional 6,521 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Charles Schwab by 4.4% during the 4th quarter. Principal Securities Inc. now owns 133,843 shares of the financial services provider’s stock valued at $9,906,000 after buying an additional 5,663 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SCHW. JMP Securities reissued a “market outperform” rating and issued a $94.00 target price (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Citigroup increased their price objective on shares of Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Barclays lifted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. TD Cowen upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and increased their price target for the company from $88.00 to $103.00 in a report on Tuesday. Finally, UBS Group boosted their price objective on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.33.

Charles Schwab Stock Up 1.4 %

NYSE SCHW opened at $81.49 on Wednesday. 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 stock has a market cap of $145.02 billion, a PE ratio of 27.25, a P/E/G ratio of 1.02 and a beta of 0.99. The stock’s 50 day moving average is $78.01 and its 200 day moving average is $72.57.

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

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.33%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is 33.44%.

Insider Activity

In other news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction 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 sale, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 502,859 shares of company stock worth $41,161,496. 6.60% of the stock is currently owned by corporate insiders.

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.