Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Charles Schwab Corp (NYSE:SCHW) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 83,756 shares of the financial services provider’s stock after purchasing an additional 2,491 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Charles Schwab were worth $4,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Atria Investments LLC raised its holdings in Charles Schwab by 11.8% during the 4th quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock valued at $930,000 after acquiring an additional 1,907 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Charles Schwab by 311.7% in the fourth quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock worth $7,272,000 after purchasing an additional 107,221 shares during the period. CAPROCK Group Inc. increased its holdings in shares of Charles Schwab by 22.3% in the third quarter. CAPROCK Group Inc. now owns 6,532 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 1,190 shares during the period. Peregrine Asset Advisers Inc. bought a new position in shares of Charles Schwab in the fourth quarter worth $5,306,000. Finally, Sentry Investment Management LLC increased its holdings in shares of Charles Schwab by 11.6% in the second quarter. Sentry Investment Management LLC now owns 96,298 shares of the financial services provider’s stock worth $4,137,000 after purchasing an additional 9,971 shares during the period. 79.72% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Charles R. Schwab sold 350,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $44.65, for a total value of $15,627,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $45.79, for a total transaction of $457,900.00. Following the completion of the transaction, the executive vice president now owns 33,441 shares of the company’s stock, valued at $1,531,263.39. The disclosure for this sale can be found here. Insiders sold 2,008,944 shares of company stock valued at $101,205,520 over the last quarter. 12.00% of the stock is owned by company insiders.

Several research analysts have recently weighed in on SCHW shares. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a report on Friday, January 5th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $55.00 price target (up previously from $47.00) on shares of Charles Schwab in a report on Thursday, January 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $63.00 price target (up previously from $56.00) on shares of Charles Schwab in a report on Tuesday, December 26th. Credit Suisse Group reaffirmed a “buy” rating and issued a $64.00 price target (up previously from $55.00) on shares of Charles Schwab in a report on Friday, January 12th. Finally, Deutsche Bank upped their price target on shares of Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $53.88.

Charles Schwab Corp (NYSE:SCHW) opened at $50.12 on Friday. Charles Schwab Corp has a 1 year low of $37.16 and a 1 year high of $56.25. The stock has a market cap of $67,189.67, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. analysts predict that Charles Schwab Corp will post 2.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.10 dividend. The ex-dividend date is Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.80%. Charles Schwab’s payout ratio is 24.84%.

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About Charles Schwab

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

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