Oregon Pacific Wealth Management LLC Buys Shares of 9,295 The Charles Schwab Co. (NYSE:SCHW)

Oregon Pacific Wealth Management LLC purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,295 shares of the financial services provider's stock, valued at approximately $688,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Czech National Bank lifted its position in Charles Schwab by 7.0% during the third quarter. Czech National Bank now owns 304,322 shares of the financial services provider's stock valued at $19,723,000 after purchasing an additional 19,833 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Charles Schwab by 0.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 480,867 shares of the financial services provider's stock valued at $31,165,000 after buying an additional 3,138 shares in the last quarter. Eagle Rock Investment Company LLC bought a new position in shares of Charles Schwab during the 3rd quarter valued at approximately $1,314,000. Salvus Wealth Management LLC increased its holdings in Charles Schwab by 0.7% in the 3rd quarter. Salvus Wealth Management LLC now owns 74,818 shares of the financial services provider's stock worth $4,849,000 after acquiring an additional 519 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its stake in Charles Schwab by 10.4% during the 3rd quarter. MBM Wealth Consultants LLC now owns 17,052 shares of the financial services provider's stock worth $1,105,000 after acquiring an additional 1,607 shares during the period. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded up $1.75 during trading hours on Thursday, reaching $83.62. The company's stock had a trading volume of 5,837,242 shares, compared to its average volume of 8,527,030. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a one year low of $61.01 and a one year high of $83.94. The firm has a 50 day moving average price of $77.97 and a 200-day moving average price of $71.57. The stock has a market cap of $148.81 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.11. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current year.

Charles Schwab Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.29%. Charles Schwab's payout ratio is 33.44%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. StockNews.com upgraded Charles Schwab from a "sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Wells Fargo & Company upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. UBS Group increased their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price target on Charles Schwab from $87.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $84.50.

Insider Activity

In other news, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares in the company, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Beatty sold 2,500 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.02, for a total transaction of $192,550.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is currently 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.