Waverly Advisors LLC Raises Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Waverly Advisors LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,169 shares of the financial services provider’s stock after acquiring an additional 2,433 shares during the period. Waverly Advisors LLC’s holdings in Charles Schwab were worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $38,000. Atala Financial Inc bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $41,000. Knuff & Co LLC increased its position in shares of Charles Schwab by 1,309.3% during the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 563 shares during the last quarter. Financial Life Planners bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $46,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter valued at approximately $46,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Trading Down 1.8%

Shares of NYSE SCHW opened at $87.57 on Thursday. 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 stock has a market capitalization of $159.10 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 1-year low of $61.01 and a 1-year high of $89.85. The business has a fifty day moving average price of $79.58 and a 200 day moving average price of $78.73.

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

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

SCHW has been the topic of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $94.00 target price on shares of Charles Schwab in a research report on Monday, April 21st. The Goldman Sachs Group raised Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, April 25th. Truist Financial upped their price objective on Charles Schwab from $84.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Morgan Stanley upped their price objective on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Finally, TD Securities upped their price objective on Charles Schwab from $95.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.63.

Insider Buying and Selling at Charles Schwab

In other news, insider Jonathan M. Craig sold 9,559 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.00, for a total value of $783,838.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul V. Woolway sold 9,887 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $75.38, for a total value of $745,282.06. Following the completion of the transaction, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,412 shares of company stock worth $3,014,797. 6.30% of the stock is owned by insiders.

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.