Aptus Capital Advisors LLC Has $973,000 Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Aptus Capital Advisors LLC increased its position in The Charles Schwab Co. (NYSE:SCHW) by 22.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,144 shares of the financial services provider’s stock after purchasing an additional 2,416 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Charles Schwab were worth $973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Charles Schwab by 0.6% in the third quarter. Principal Financial Group Inc. now owns 6,673,901 shares of the financial services provider’s stock valued at $432,536,000 after purchasing an additional 38,201 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Charles Schwab by 6.2% in the 4th quarter. Nordea Investment Management AB now owns 129,431 shares of the financial services provider’s stock valued at $9,571,000 after acquiring an additional 7,499 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Charles Schwab by 1.0% during the 4th quarter. CWA Asset Management Group LLC now owns 28,943 shares of the financial services provider’s stock worth $2,142,000 after acquiring an additional 279 shares during the last quarter. Diversified Trust Co grew its holdings in Charles Schwab by 13.3% during the fourth quarter. Diversified Trust Co now owns 8,215 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 962 shares during the period. Finally, Spartan Planning & Wealth Management bought a new stake in Charles Schwab in the fourth quarter valued at approximately $227,000. 84.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total transaction of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now owns 57,818 shares in the company, valued at $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,041 shares of company stock worth $41,072,558 over the last three months. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SCHW. The Goldman Sachs Group raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, April 25th. UBS Group increased their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $103.00 in a report on Tuesday, February 18th. Truist Financial lowered their target price on Charles Schwab from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, Barclays cut their price target on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charles Schwab has an average rating of “Moderate Buy” and a consensus price target of $87.22.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $82.87 on Wednesday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $84.50. The company has a market cap of $150.28 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The business’s 50 day moving average price is $77.08 and its two-hundred day moving average price is $77.61. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the business earned $0.74 EPS. On average, analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.30%. Charles Schwab’s dividend payout ratio (DPR) is currently 32.73%.

Charles Schwab 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.