Bryn Mawr Capital Management LLC Purchases Shares of 21,387 The Charles Schwab Co. (NYSE:SCHW)

Bryn Mawr Capital Management LLC acquired a new position in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,387 shares of the financial services provider’s stock, valued at approximately $1,583,000.

A number of other large investors also recently modified their holdings of the company. Washington Trust Advisors Inc. boosted its position in Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the third quarter worth about $31,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of Charles Schwab in the third quarter valued at about $33,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Charles Schwab during the 3rd quarter valued at about $33,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the transaction, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 490,120 shares of company stock valued at $40,127,472. 6.60% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $81.88 on Friday. The business has a 50 day simple moving average of $77.97 and a 200-day simple moving average of $72.83. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a market capitalization of $145.84 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

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

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.27 dividend. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Redburn Partners lowered their price target on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. JMP Securities reiterated a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Citigroup lifted their target price on Charles Schwab from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $86.33.

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.