Silvercrest Asset Management Group LLC Purchases 1,788 Shares of The Charles Schwab Co. (NYSE:SCHW)

Silvercrest Asset Management Group LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,894 shares of the financial services provider’s stock after acquiring an additional 1,788 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Charles Schwab were worth $2,286,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SCHW. Rafferty Asset Management LLC boosted its position in shares of Charles Schwab by 4.1% during the 4th quarter. Rafferty Asset Management LLC now owns 527,421 shares of the financial services provider’s stock worth $39,034,000 after purchasing an additional 20,938 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Charles Schwab during the 4th quarter worth about $745,000. Point72 Europe London LLP bought a new position in shares of Charles Schwab during the 4th quarter worth about $6,787,000. Point72 Hong Kong Ltd boosted its position in shares of Charles Schwab by 255.8% during the 4th quarter. Point72 Hong Kong Ltd now owns 380,285 shares of the financial services provider’s stock worth $28,145,000 after purchasing an additional 273,390 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Charles Schwab during the 4th quarter worth about $237,280,000. Institutional investors own 84.38% of the company’s stock.

Insider Transactions at Charles Schwab

In other news, insider Jonathan M. Craig sold 9,559 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.00, for a total transaction of $783,838.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank C. Herringer sold 3,592 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the sale, the director now owns 172,162 shares of the company’s stock, valued at approximately $12,784,750.12. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,412 shares of company stock worth $3,014,797 in the last quarter. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Charles Schwab from $93.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen raised shares of Charles Schwab from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $103.00 in a research report on Tuesday, February 18th. UBS Group increased their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Barclays cut their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Finally, Citigroup raised shares of Charles Schwab from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $102.00 in a research report on Wednesday, April 2nd. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.33.

Charles Schwab Trading Up 0.5%

NYSE:SCHW opened at $89.16 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $162.00 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $89.39. The firm has a 50-day moving average price of $79.06 and a two-hundred day moving average price of $78.59.

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

Charles Schwab Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.21%. Charles Schwab’s dividend payout ratio (DPR) is 32.73%.

Charles Schwab Company 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.