Hiley Hunt Wealth Management Invests $228,000 in The Charles Schwab Co. (NYSE:SCHW)

Hiley Hunt Wealth Management acquired a new position in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,078 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Washington Trust Advisors Inc. raised its stake in shares of Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Charles Schwab in the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in Charles Schwab during the 3rd quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new position in Charles Schwab during the 3rd quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Charles Schwab in the 3rd quarter valued at about $33,000. 84.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SCHW has been the topic of several research analyst reports. Morgan Stanley upped their target price on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price objective on shares of Charles Schwab from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $95.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of Charles Schwab stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,968 shares of company stock valued at $8,842,821. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

Shares of NYSE:SCHW traded up $0.98 during trading on Monday, hitting $75.43. 1,062,548 shares of the company’s stock were exchanged, compared to its average volume of 3,769,000. 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 52-week low of $59.67 and a 52-week high of $83.35. The business’s 50-day simple moving average is $77.40 and its 200 day simple moving average is $70.61. The company has a market cap of $134.24 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.76 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts predict that The Charles Schwab Co. will post 3.12 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Charles Schwab Company 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.