Pring Turner Capital Group Inc. Grows Stake in The Charles Schwab Co. (NYSE:SCHW)

Pring Turner Capital Group Inc. boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,655 shares of the financial services provider’s stock after acquiring an additional 5,314 shares during the quarter. Charles Schwab makes up approximately 4.0% of Pring Turner Capital Group Inc.’s investment portfolio, making the stock its 4th largest holding. Pring Turner Capital Group Inc.’s holdings in Charles Schwab were worth $5,969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Washington Trust Advisors Inc. grew its position in Charles Schwab by 62.6% in 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 last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new stake in Charles Schwab in the 3rd quarter worth $31,000. Hazlett Burt & Watson Inc. acquired a new stake in Charles Schwab in the 3rd quarter worth $33,000. Finally, Planning Capital Management Corp acquired a new stake in Charles Schwab in the 3rd quarter worth $33,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on SCHW shares. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Redburn Partners reduced their price objective 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. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Keefe, Bruyette & Woods raised their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Barclays raised their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.33.

Charles Schwab Trading Down 0.4 %

Shares of NYSE SCHW opened at $80.16 on Tuesday. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $84.50. The company has a market cap of $142.78 billion, a PE ratio of 26.81, a P/E/G 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. The company has a 50-day moving average of $78.03 and a two-hundred day moving average of $73.22.

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

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s payout ratio is currently 36.12%.

Insider Transactions at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 487,820 shares of company stock worth $39,938,849 in the last quarter. 6.60% of the stock is owned by company insiders.

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.