Valeo Financial Advisors LLC Has $1.85 Million Stake in Charles Schwab Co. (SCHW)

Valeo Financial Advisors LLC grew its holdings in Charles Schwab Co. (NYSE:SCHW) by 110.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 43,142 shares of the financial services provider’s stock after buying an additional 22,600 shares during the period. Valeo Financial Advisors LLC’s holdings in Charles Schwab were worth $1,845,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in Charles Schwab in the fourth quarter valued at about $31,000. First Personal Financial Services grew its position in shares of Charles Schwab by 51.9% in the fourth quarter. First Personal Financial Services now owns 825 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 282 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Charles Schwab by 70.2% in the fourth quarter. Proficio Capital Partners LLC now owns 1,028 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 424 shares during the last quarter. Clearbridge LLC grew its position in shares of Charles Schwab by 75.1% in the fourth quarter. Clearbridge LLC now owns 1,096 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 470 shares during the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $47,000. 79.74% of the stock is owned by institutional investors and hedge funds.

In other Charles Schwab news, EVP Terri R. Kallsen sold 41,285 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $46.75, for a total transaction of $1,930,073.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marie A. Chandoha sold 45,046 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $45.48, for a total transaction of $2,048,692.08. The disclosure for this sale can be found here. Insiders have sold a total of 939,897 shares of company stock worth $42,955,198 in the last ninety days. 10.90% of the stock is currently owned by insiders.

A number of analysts recently issued reports on SCHW shares. Zacks Investment Research lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. ValuEngine upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Deutsche Bank decreased their target price on shares of Charles Schwab from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. Bank of America set a $50.00 target price on shares of Charles Schwab and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Raymond James lifted their price target on shares of Charles Schwab from $51.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $53.22.

Shares of SCHW stock opened at $46.24 on Friday. Charles Schwab Co. has a 52 week low of $37.83 and a 52 week high of $60.22. The firm has a market capitalization of $61.69 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.52 and a beta of 1.33. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Charles Schwab had a net margin of 35.27% and a return on equity of 20.79%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts expect that Charles Schwab Co. will post 2.76 earnings per share for the current year.

Charles Schwab declared that its Board of Directors has approved a share buyback plan on Wednesday, January 30th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 6.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, May 14th. Charles Schwab’s dividend payout ratio (DPR) is 27.76%.

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Charles Schwab Company 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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