7,100 Shares in The Charles Schwab Co. (NYSE:SCHW) Acquired by Michels Family Financial LLC

Michels Family Financial LLC bought a new position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,100 shares of the financial services provider's stock, valued at approximately $525,000.

A number of other hedge funds also recently made changes to their positions in SCHW. Oregon Pacific Wealth Management LLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at approximately $688,000. Cary Street Partners Financial LLC bought a new stake in Charles Schwab during the 4th quarter worth approximately $1,455,000. Golden State Equity Partners increased its position in Charles Schwab by 293.9% in the 4th quarter. Golden State Equity Partners now owns 12,207 shares of the financial services provider's stock valued at $903,000 after acquiring an additional 9,108 shares during the period. Asset Management One Co. Ltd. raised 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 valued at $47,674,000 after acquiring an additional 43,308 shares during the last quarter. Finally, Banco Santander S.A. grew its stake in shares of Charles Schwab by 49.6% in 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 last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Frank C. Herringer sold 3,592 shares of the company's 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 owns 172,162 shares in the company, valued at approximately $12,784,750.12. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total value of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares of the company's stock, valued at $4,586,123.76. This represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,088 shares of company stock worth $8,105,928 over the last quarter. Insiders own 6.30% of the company's stock.

Analyst Ratings Changes

SCHW has been the topic of several recent research reports. TD Securities lifted their target price on Charles Schwab from $95.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley lifted their price objective on Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Citigroup raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and increased their target price for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Charles Schwab from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.63.

Charles Schwab Stock Up 1.3%

Shares of SCHW traded up $1.15 on Tuesday, reaching $88.55. The company's stock had a trading volume of 6,808,631 shares, compared to its average volume of 9,381,775. The stock has a market capitalization of $160.89 billion, a PE ratio of 29.62, a PEG ratio of 0.99 and a beta of 0.90. 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 Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The firm has a fifty day moving average of $80.14 and a 200-day moving average of $79.11.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the company earned $0.74 earnings per share. Equities analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Charles Schwab's payout ratio is 32.73%.

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.