The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,159 shares of the financial services provider’s stock after acquiring an additional 4,317 shares during the quarter. Private Advisor Group LLC’s holdings in Charles Schwab were worth $7,265,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC increased its position in Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 124 shares during the period. N.E.W. Advisory Services LLC increased its position in shares of Charles Schwab by 1.7% during the 4th quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 125 shares during the period. Klingman & Associates LLC increased its position in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 125 shares during the period. Stablepoint Partners LLC increased its position in shares of Charles Schwab by 1.1% during the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 141 shares during the period. Finally, Index Fund Advisors Inc. increased its position in shares of Charles Schwab by 1.6% during the 4th quarter. Index Fund Advisors Inc. now owns 8,847 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 143 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 464,629 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value 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 $67,770,450.07. The trade was a 35.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 490,120 shares of company stock valued at $40,127,472. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SCHW shares. Wells Fargo & Company upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $89.00 to $93.00 in a research report on Wednesday, January 22nd. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and lifted their price target for the company from $88.00 to $103.00 in a research report on Tuesday. Redburn Partners lowered their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a research report on Friday, January 17th. Citigroup lifted their price target on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, UBS Group lifted their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.33.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $80.50 on Friday. The stock has a market cap 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. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $77.98 and a 200-day simple moving average of $72.95.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

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

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.