Conscious Wealth Investments LLC Boosts Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Conscious Wealth Investments LLC grew its position in The Charles Schwab Co. (NYSE:SCHW) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 44,363 shares of the financial services provider’s stock after buying an additional 393 shares during the quarter. Charles Schwab makes up about 2.3% of Conscious Wealth Investments LLC’s portfolio, making the stock its 19th largest holding. Conscious Wealth Investments LLC’s holdings in Charles Schwab were worth $3,389,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Charles Schwab during the 3rd quarter valued at about $25,000. Washington Trust Advisors Inc. boosted its holdings in shares of Charles Schwab by 62.6% during the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 149 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Charles Schwab in the third quarter valued at approximately $31,000. Planning Capital Management Corp acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab during the third quarter worth approximately $33,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays raised their price objective on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Truist Financial boosted their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. UBS Group raised their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.33.

Insider Buying and Selling

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the transaction, the chairman now directly owns 827,377 shares in the company, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock valued at $39,938,849 in the last three months. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Down 1.6 %

Shares of NYSE:SCHW opened at $80.50 on Monday. The firm’s 50-day moving average is $77.98 and its two-hundred day moving average is $73.10. 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 Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.50. The firm has a market capitalization of $143.38 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is 36.12%.

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.