Wunderlich Capital Managemnt Increases Holdings in Charles Schwab Co. (NYSE:SCHW)

Wunderlich Capital Managemnt raised its stake in shares of Charles Schwab Co. (NYSE:SCHW) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,000 shares of the financial services provider’s stock after purchasing an additional 1,896 shares during the period. Wunderlich Capital Managemnt’s holdings in Charles Schwab were worth $1,121,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. National Pension Service boosted its position in Charles Schwab by 5.9% during the fourth quarter. National Pension Service now owns 1,201,353 shares of the financial services provider’s stock valued at $54,409,000 after buying an additional 66,583 shares during the period. Colony Group LLC boosted its holdings in shares of Charles Schwab by 22.3% during the fourth quarter. Colony Group LLC now owns 8,848 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 1,612 shares during the period. Legal & General Group Plc boosted its holdings in shares of Charles Schwab by 5.1% during the fourth quarter. Legal & General Group Plc now owns 5,894,574 shares of the financial services provider’s stock worth $244,629,000 after purchasing an additional 286,131 shares during the period. BRYN MAWR TRUST Co boosted its holdings in shares of Charles Schwab by 8.3% during the fourth quarter. BRYN MAWR TRUST Co now owns 83,600 shares of the financial services provider’s stock worth $3,472,000 after purchasing an additional 6,409 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Charles Schwab by 1,259.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 700,783 shares of the financial services provider’s stock worth $29,104,000 after purchasing an additional 649,225 shares during the period. Institutional investors and hedge funds own 80.06% of the company’s stock.

In related news, EVP Jonathan M. Craig sold 3,739 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $43.58, for a total transaction of $162,945.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $47.04, for a total transaction of $11,760,000.00. The disclosure for this sale can be found here. Insiders have sold 360,156 shares of company stock valued at $16,826,468 in the last ninety days. Insiders own 10.90% of the company’s stock.

Shares of NYSE SCHW traded down $0.32 on Monday, reaching $45.03. 7,443,640 shares of the company’s stock traded hands, compared to its average volume of 6,736,862. Charles Schwab Co. has a 12 month low of $37.83 and a 12 month high of $60.22. The company has a market capitalization of $60.51 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.08.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. Charles Schwab had a net margin of 34.61% and a return on equity of 20.11%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts forecast that Charles Schwab Co. will post 2.77 earnings per share for the current fiscal year.

Charles Schwab announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 30th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 6.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

SCHW has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, January 3rd. Wells Fargo & Co decreased their price target on shares of Charles Schwab from $53.00 to $44.00 and set a “market perform” rating for the company in a research note on Friday, January 4th. Morgan Stanley decreased their price target on shares of Charles Schwab from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, January 4th. Wolfe Research raised shares of Charles Schwab from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. Finally, Raymond James increased their price target on shares of Charles Schwab from $51.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Charles Schwab currently has a consensus rating of “Buy” and an average target price of $53.22.

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Charles Schwab Profile

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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