Crestwood Advisors Group LLC Has $48.76 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Crestwood Advisors Group LLC lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 658,815 shares of the financial services provider’s stock after selling 7,516 shares during the period. Crestwood Advisors Group LLC’s holdings in Charles Schwab were worth $48,759,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Conscious Wealth Investments LLC raised its stake in Charles Schwab by 0.9% during the 4th quarter. Conscious Wealth Investments LLC now owns 44,363 shares of the financial services provider’s stock worth $3,389,000 after buying an additional 393 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in shares of Charles Schwab by 167.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 55,463 shares of the financial services provider’s stock valued at $4,105,000 after acquiring an additional 34,735 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Charles Schwab by 9.9% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 285,360 shares of the financial services provider’s stock worth $21,119,000 after purchasing an additional 25,600 shares during the period. MONECO Advisors LLC grew its position in Charles Schwab by 9.0% in the 4th quarter. MONECO Advisors LLC now owns 3,372 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 279 shares during the period. Finally, Howard Capital Management Inc. increased its stake in Charles Schwab by 7.5% during the 4th quarter. Howard Capital Management Inc. now owns 9,081 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 632 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and set a $94.00 price target (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Morgan Stanley increased their price objective on Charles Schwab from $84.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Jefferies Financial Group lifted their target price on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Stock Performance

NYSE:SCHW opened at $80.50 on Monday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The business has a fifty day simple moving average of $77.98 and a two-hundred day simple moving average of $73.10. The company has a market capitalization of $143.38 billion, a P/E ratio of 26.92, a P/E/G ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. On average, analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

Insider Activity at Charles Schwab

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now owns 18,617 shares in the company, valued at approximately $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 ninety days, insiders sold 487,820 shares of company stock worth $39,938,849. Corporate insiders own 6.60% of the company’s stock.

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.