Savant Capital LLC Boosts Holdings in The Charles Schwab Co. (NYSE:SCHW)

Savant Capital LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 114.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,385 shares of the financial services provider’s stock after acquiring an additional 9,817 shares during the period. Savant Capital LLC’s holdings in Charles Schwab were worth $1,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHW. MONECO Advisors LLC bought a new stake in shares of Charles Schwab in the fourth quarter worth about $241,000. Kestra Private Wealth Services LLC increased its stake in Charles Schwab by 19.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 12,398 shares of the financial services provider’s stock worth $853,000 after acquiring an additional 2,006 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Charles Schwab by 1.6% during the 4th quarter. Van ECK Associates Corp now owns 5,387,681 shares of the financial services provider’s stock worth $370,673,000 after acquiring an additional 87,395 shares in the last quarter. Steele Capital Management Inc. purchased a new stake in Charles Schwab during the fourth quarter valued at $202,000. Finally, Greatmark Investment Partners Inc. lifted its position in Charles Schwab by 5.0% during the fourth quarter. Greatmark Investment Partners Inc. now owns 300,625 shares of the financial services provider’s stock valued at $20,683,000 after purchasing an additional 14,200 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Up 0.9 %

NYSE:SCHW opened at $76.04 on Friday. The company’s 50-day simple moving average is $70.52 and its 200-day simple moving average is $64.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.43. The Charles Schwab Co. has a fifty-two week low of $45.65 and a fifty-two week high of $76.47. The stock has a market capitalization of $135.05 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.10 and a beta of 0.98.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 9th. Charles Schwab’s dividend payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SCHW shares. JPMorgan Chase & Co. upped their target price on shares of Charles Schwab from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Bank of America boosted their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Piper Sandler increased their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Morgan Stanley upped their price target on shares of Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, TD Cowen lifted their price objective on shares of Charles Schwab from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.47.

Insider Transactions at Charles Schwab

In other news, CFO Peter B. Crawford sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.76, for a total value of $518,080.00. Following the completion of the sale, the chief financial officer now owns 29,611 shares of the company’s stock, valued at approximately $1,917,608.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter B. Crawford sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.76, for a total transaction of $518,080.00. Following the sale, the chief financial officer now directly owns 29,611 shares in the company, valued at $1,917,608.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 514,459 shares of company stock valued at $36,371,155. Corporate insiders own 6.60% of the company’s stock.

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.