The Charles Schwab Co. (NYSE:SCHW) Shares Bought by West Oak Capital LLC

West Oak Capital LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,310 shares of the financial services provider’s stock after acquiring an additional 310 shares during the quarter. West Oak Capital LLC’s holdings in Charles Schwab were worth $1,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Providence Capital Advisors LLC acquired a new stake in Charles Schwab in the 3rd quarter valued at about $28,000. Sugarloaf Wealth Management LLC lifted its position in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after buying an additional 165 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Charles Schwab during the 1st quarter worth approximately $32,000. BluePath Capital Management LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at $34,000. Finally, Hall Laurie J Trustee acquired a new position in Charles Schwab in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock traded down $0.24 on Thursday, hitting $72.14. The stock had a trading volume of 1,622,071 shares, compared to its average volume of 7,732,817. The stock has a market cap of $127.94 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 1.37 and a beta of 1.00. The Charles Schwab Co. has a 52-week low of $45.65 and a 52-week high of $72.94. The company’s 50 day moving average price is $65.43 and its 200 day moving average price is $61.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the firm posted $1.07 EPS. Charles Schwab’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, research analysts anticipate that The Charles Schwab Co. will post 3.33 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Charles Schwab’s payout ratio is 39.37%.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Charles R. Schwab sold 16,390 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the completion of the sale, the chairman now directly owns 61,331,688 shares of the company’s stock, valued at $3,921,548,130.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 16,390 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $63.94, for a total value of $1,047,976.60. Following the transaction, the chairman now owns 61,331,688 shares in the company, valued at approximately $3,921,548,130.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on SCHW. UBS Group raised their price target on shares of Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Redburn Atlantic assumed coverage on Charles Schwab in a report on Friday, December 1st. They issued a “sell” rating and a $52.00 target price for the company. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 price target (up previously from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 price target on the stock in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.12.

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.