Leigh Baldwin & CO. LLC Invests $293,000 in The Charles Schwab Co. (NYSE:SCHW)

Leigh Baldwin & CO. LLC acquired a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,959 shares of the financial services provider’s stock, valued at approximately $293,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Oregon Pacific Wealth Management LLC bought a new position in shares of Charles Schwab during the fourth quarter worth approximately $688,000. Cary Street Partners Financial LLC bought a new position in shares of Charles Schwab during the fourth quarter worth approximately $1,455,000. Golden State Equity Partners increased its stake in shares of Charles Schwab by 293.9% during the fourth quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 9,108 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Charles Schwab by 7.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 637,957 shares of the financial services provider’s stock worth $47,674,000 after purchasing an additional 43,308 shares during the period. Finally, Banco Santander S.A. increased its stake in shares of Charles Schwab by 49.6% during the fourth quarter. Banco Santander S.A. now owns 16,316 shares of the financial services provider’s stock worth $1,208,000 after purchasing an additional 5,413 shares during the period. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Stock Up 0.2%

Shares of NYSE:SCHW opened at $87.44 on Monday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $89.85. The company has a market capitalization of $158.88 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company has a fifty day moving average of $79.97 and a 200-day moving average of $79.02.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling

In related news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total value of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company’s stock, valued at $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter J. Morgan III sold 10,176 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $87.39, for a total value of $889,280.64. The disclosure for this sale can be found here. Insiders have sold a total of 96,088 shares of company stock worth $8,105,928 in the last ninety days. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SCHW shares. Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $102.00 in a research report on Wednesday, April 2nd. JMP Securities reissued a “market outperform” rating and set a $94.00 price target on shares of Charles Schwab in a research report on Monday, April 21st. Cowen reissued a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. TD Securities increased their price target on Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Finally, The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.63.

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.