Elmwood Wealth Management Inc. Buys 2,405 Shares of The Charles Schwab Co. (NYSE:SCHW)

Elmwood Wealth Management Inc. increased its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,346 shares of the financial services provider’s stock after purchasing an additional 2,405 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Charles Schwab were worth $1,284,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Washington Trust Advisors Inc. boosted its stake in Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Charles Schwab in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in Charles Schwab in the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC bought a new position in Charles Schwab in the third quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Charles Schwab in the third quarter valued at approximately $33,000. 84.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SCHW. Wells Fargo & Company raised their price objective on shares of Charles Schwab from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Citigroup cut their target price on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $95.00 in a report on Monday, December 9th. Bank of America cut their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Finally, JMP Securities reiterated 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and an average target price of $81.69.

Insider Buying and Selling

In related news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 118,968 shares of company stock worth $8,842,821 in the last three months. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Down 0.6 %

SCHW stock traded down $0.46 during midday trading on Monday, hitting $72.31. The company’s stock had a trading volume of 2,963,749 shares, compared to its average volume of 7,681,015. The company’s fifty day moving average price is $77.57 and its 200 day moving average price is $70.59. The Charles Schwab Co. has a twelve month low of $59.67 and a twelve month high of $83.35. The stock has a market capitalization of $128.69 billion, a P/E ratio of 28.25, a PEG ratio of 1.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. As a group, equities research analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s payout ratio is presently 39.06%.

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.