Brookstone Capital Management Has $4.45 Million Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Brookstone Capital Management grew its position in The Charles Schwab Co. (NYSE:SCHW – Get Rating) by 55.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,617 shares of the financial services provider’s stock after purchasing an additional 18,841 shares during the period. Brookstone Capital Management’s holdings in Charles Schwab were worth $4,448,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Charles Schwab by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 124,437,061 shares of the financial services provider’s stock valued at $8,943,291,000 after purchasing an additional 2,589,952 shares in the last quarter. Dodge & Cox boosted its stake in shares of Charles Schwab by 9.4% in the 2nd quarter. Dodge & Cox now owns 79,042,463 shares of the financial services provider’s stock valued at $4,993,903,000 after purchasing an additional 6,803,282 shares in the last quarter. State Street Corp boosted its stake in shares of Charles Schwab by 1.1% in the 3rd quarter. State Street Corp now owns 65,566,364 shares of the financial services provider’s stock valued at $4,712,255,000 after purchasing an additional 717,683 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Charles Schwab by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 33,417,491 shares of the financial services provider’s stock valued at $2,111,317,000 after purchasing an additional 851,066 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Charles Schwab by 7.4% in the third quarter. Alliancebernstein L.P. now owns 20,767,564 shares of the financial services provider’s stock valued at $1,492,565,000 after buying an additional 1,431,879 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 62,500 shares of the business’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $81.54, for a total transaction of $5,096,250.00. Following the completion of the transaction, the chairman now directly owns 30,731,256 shares in the company, valued at approximately $2,505,826,614.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Charles A. Ruffel sold 5,176 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $80.88, for a total value of $418,634.88. Following the completion of the transaction, the director now directly owns 12,073 shares in the company, valued at approximately $976,464.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 62,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $81.54, for a total value of $5,096,250.00. Following the completion of the transaction, the chairman now owns 30,731,256 shares of the company’s stock, valued at $2,505,826,614.24. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 71,000 shares of company stock worth $4,165,460 and sold 728,106 shares worth $58,067,403. Corporate insiders own 7.50% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $56.41 on Friday. The firm has a market capitalization of $101.06 billion, a P/E ratio of 16.12, a PEG ratio of 1.29 and a beta of 0.93. The Charles Schwab Co. has a 1 year low of $45.00 and a 1 year high of $93.16. The business has a 50-day moving average of $76.48 and a 200-day moving average of $76.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.77.

Charles Schwab (NYSE:SCHW – Get Rating) last posted its earnings results on Wednesday, January 18th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.03). The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.55 billion. Charles Schwab had a return on equity of 24.94% and a net margin of 34.60%. Charles Schwab’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, equities analysts anticipate that The Charles Schwab Co. will post 4.1 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a dividend of $0.25 per share. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, February 9th. Charles Schwab’s payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $88.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, January 12th. Piper Sandler cut their price target on Charles Schwab from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, March 14th. Barclays cut their price target on Charles Schwab from $87.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, January 30th. The Goldman Sachs Group cut their price target on Charles Schwab from $98.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 14th. Finally, Citigroup raised Charles Schwab from a “neutral” rating to a “buy” rating and cut their price target for the company from $83.00 to $75.00 in a report on Monday, March 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.04.

Charles Schwab Profile

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The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.