Jabodon PT Co. Purchases Shares of 100,676 Charles Schwab Co. (SCHW)

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Jabodon PT Co. purchased a new stake in Charles Schwab Co. (NYSE:SCHW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 100,676 shares of the financial services provider’s stock, valued at approximately $4,181,000. Charles Schwab accounts for about 3.8% of Jabodon PT Co.’s investment portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services increased its holdings in Charles Schwab by 51.9% during the 4th quarter. First Personal Financial Services now owns 825 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 282 shares during the period. Massey Quick Simon & CO. LLC increased its holdings in Charles Schwab by 29.2% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,260 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 285 shares during the period. Duncker Streett & Co. Inc. increased its holdings in Charles Schwab by 33.9% during the 4th quarter. Duncker Streett & Co. Inc. now owns 1,580 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 400 shares during the period. Lavaca Capital LLC bought a new stake in Charles Schwab during the 4th quarter worth approximately $82,000. Finally, ETF Managers Group LLC increased its holdings in Charles Schwab by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 2,495 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 339 shares during the period. 79.20% of the stock is currently owned by institutional investors.

In other news, Chairman Charles R. Schwab sold 383,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $46.97, for a total value of $17,989,510.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 250,000 shares of the company’s stock in a transaction 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. In the last three months, insiders sold 641,652 shares of company stock valued at $30,138,896. Corporate insiders own 11.50% of the company’s stock.

SCHW has been the topic of a number of analyst reports. UBS Group lowered shares of Charles Schwab from a “buy” rating to a “neutral” rating in a report on Monday, November 19th. Zacks Investment Research lowered shares of Charles Schwab from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Morgan Stanley decreased their target price on shares of Charles Schwab from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, January 4th. Raymond James raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a report on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Wells Fargo & Co decreased their target price on shares of Charles Schwab from $53.00 to $44.00 and set a “market perform” rating on the stock in a report on Friday, January 4th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Charles Schwab presently has an average rating of “Buy” and an average target price of $54.31.

SCHW stock opened at $44.76 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.29. Charles Schwab Co. has a one year low of $37.83 and a one year high of $60.22. The company has a market capitalization of $61.01 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.04 and a beta of 1.37.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. Charles Schwab had a net margin of 34.61% and a return on equity of 20.28%. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, equities research analysts forecast that Charles Schwab Co. will post 2.81 earnings per share for the current fiscal year.

Charles Schwab announced that its Board of Directors has initiated a share buyback plan on Thursday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, February 13th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.13. Charles Schwab’s payout ratio is currently 21.22%.

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About Charles Schwab

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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