Norinchukin Bank The boosted its position in Charles Schwab Corp (NYSE:SCHW) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,816 shares of the financial services provider’s stock after purchasing an additional 6,776 shares during the quarter. Norinchukin Bank The’s holdings in Charles Schwab were worth $3,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FDx Advisors Inc. increased its holdings in shares of Charles Schwab by 13.7% in the 4th quarter. FDx Advisors Inc. now owns 27,368 shares of the financial services provider’s stock worth $1,406,000 after buying an additional 3,307 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Charles Schwab by 122.2% in the 4th quarter. Synovus Financial Corp now owns 84,617 shares of the financial services provider’s stock worth $4,348,000 after buying an additional 46,543 shares during the last quarter. American International Group Inc. increased its holdings in shares of Charles Schwab by 2.4% in the 4th quarter. American International Group Inc. now owns 445,480 shares of the financial services provider’s stock worth $22,884,000 after buying an additional 10,356 shares during the last quarter. Frontier Investment Mgmt Co. increased its holdings in shares of Charles Schwab by 8.2% in the 4th quarter. Frontier Investment Mgmt Co. now owns 14,631 shares of the financial services provider’s stock worth $752,000 after buying an additional 1,112 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Charles Schwab by 45.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,762 shares of the financial services provider’s stock worth $501,000 after buying an additional 3,071 shares during the last quarter. Institutional investors and hedge funds own 80.45% of the company’s stock.
A number of equities analysts have recently commented on the stock. Credit Suisse Group decreased their price target on shares of Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Citigroup lowered shares of Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price target on the stock. in a report on Wednesday, February 7th. Morgan Stanley increased their price target on shares of Charles Schwab from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Nomura reissued a “neutral” rating and issued a $54.00 price target (up previously from $50.00) on shares of Charles Schwab in a report on Thursday, January 18th. Finally, SunTrust Banks reissued a “buy” rating on shares of Charles Schwab in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $53.88.
Charles Schwab Corp (NYSE:SCHW) opened at $52.34 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. Charles Schwab Corp has a twelve month low of $37.16 and a twelve month high of $56.25. The company has a market cap of $69,937.85, a price-to-earnings ratio of 31.81, a P/E/G ratio of 1.29 and a beta of 1.63.
Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. research analysts forecast that Charles Schwab Corp will post 2.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s dividend payout ratio (DPR) is 24.84%.
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Charles Schwab Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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