Capital Analysts LLC Acquires 581 Shares of The Charles Schwab Co. (NYSE:SCHW)

Capital Analysts LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,735 shares of the financial services provider’s stock after buying an additional 581 shares during the period. Capital Analysts LLC’s holdings in Charles Schwab were worth $2,596,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHW. Signet Financial Management LLC boosted its position in shares of Charles Schwab by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after purchasing an additional 139 shares in the last quarter. Courier Capital LLC boosted its position in shares of Charles Schwab by 0.4% during the 4th quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 161 shares in the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in Charles Schwab by 0.5% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock worth $2,718,000 after buying an additional 164 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 165 shares in the last quarter. Finally, Red Spruce Capital LLC boosted its holdings in Charles Schwab by 0.4% in the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler lifted their price target on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen raised Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price for the company in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Raymond James reduced their price target on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Finally, Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.82.

Insider Activity

In other news, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the transaction, the chief financial officer now directly owns 37,611 shares in the company, valued at approximately $2,425,533.39. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Peter B. Crawford sold 4,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders sold a total of 216,584 shares of company stock valued at $14,200,769 in the last 90 days. Company insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of SCHW traded down $0.35 during trading hours on Tuesday, reaching $70.88. 1,586,101 shares of the company traded hands, compared to its average volume of 7,568,588. The stock has a market capitalization of $125.89 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.06 and a beta of 1.01. The business has a fifty day moving average price of $67.74 and a 200-day moving average price of $62.62. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $73.65. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. Equities analysts anticipate that The Charles Schwab Co. will post 3.4 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Charles Schwab’s dividend payout ratio (DPR) is 39.37%.

About Charles Schwab

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.