Spearhead Capital Advisors LLC boosted its stake in Charles Schwab Co. (NYSE:SCHW) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 102,900 shares of the financial services provider’s stock after buying an additional 4,568 shares during the period. Spearhead Capital Advisors LLC’s holdings in Charles Schwab were worth $4,894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCHW. BlackRock Inc. raised its stake in shares of Charles Schwab by 3.7% during the second quarter. BlackRock Inc. now owns 87,080,690 shares of the financial services provider’s stock worth $3,499,773,000 after acquiring an additional 3,140,824 shares in the last quarter. Generation Investment Management LLP raised its stake in shares of Charles Schwab by 29.6% during the third quarter. Generation Investment Management LLP now owns 27,092,510 shares of the financial services provider’s stock worth $1,133,280,000 after acquiring an additional 6,193,052 shares in the last quarter. Parnassus Investments CA raised its stake in shares of Charles Schwab by 16.4% during the third quarter. Parnassus Investments CA now owns 10,822,863 shares of the financial services provider’s stock worth $452,720,000 after acquiring an additional 1,527,073 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Charles Schwab by 21.9% during the fourth quarter. New York State Common Retirement Fund now owns 5,909,885 shares of the financial services provider’s stock worth $281,074,000 after acquiring an additional 1,062,257 shares in the last quarter. Finally, Provident Trust Co. raised its stake in shares of Charles Schwab by 6.9% during the fourth quarter. Provident Trust Co. now owns 5,365,657 shares of the financial services provider’s stock worth $255,191,000 after acquiring an additional 345,581 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Stephen T. Mclin sold 5,364 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $47.29, for a total transaction of $253,663.56. Following the sale, the director now owns 7,297 shares in the company, valued at approximately $345,075.13. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Charles R. Schwab sold 300,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.01, for a total transaction of $14,703,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 927,326 shares of company stock worth $44,114,979. 10.90% of the stock is currently owned by company insiders.

SCHW has been the topic of several research reports. Citigroup lifted their price target on shares of Charles Schwab from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Raymond James downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. They noted that the move was a valuation call. Compass Point raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, December 12th. Deutsche Bank initiated coverage on shares of Charles Schwab in a research note on Tuesday, January 28th. They set a “buy” rating on the stock. Finally, Barclays raised shares of Charles Schwab from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $35.00 to $49.00 in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.73.

NYSE:SCHW traded down $0.06 during trading hours on Friday, hitting $47.23. The company had a trading volume of 7,081,120 shares, compared to its average volume of 8,534,391. The company has a market capitalization of $59.97 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.65 and a beta of 1.34. The stock has a 50-day moving average price of $47.53 and a 200 day moving average price of $43.51. Charles Schwab Co. has a 52 week low of $34.58 and a 52 week high of $51.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.30 and a quick ratio of 0.30.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Charles Schwab had a net margin of 34.55% and a return on equity of 20.22%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. Analysts anticipate that Charles Schwab Co. will post 2.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.18 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.72 annualized dividend and a yield of 1.52%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.17. Charles Schwab’s payout ratio is 25.00%.

About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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