Brio Consultants LLC Makes New $202,000 Investment in The Charles Schwab Co. (NYSE:SCHW)

Brio Consultants LLC acquired a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, Holdings Channel reports. The fund acquired 2,726 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Washington Trust Advisors Inc. grew its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Charles Schwab during the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the third quarter worth about $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Charles Schwab in the third quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Charles Schwab during the 3rd quarter valued at about $33,000. 84.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,014 shares of company stock valued at $4,052,281. 6.60% of the stock is owned by company insiders.

Charles Schwab Price Performance

SCHW opened at $82.73 on Friday. The company’s 50-day simple moving average is $77.97 and its two-hundred day simple moving average is $71.14. 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 stock has a market capitalization of $147.22 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.00 and a beta of 0.99. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.84.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share. As a group, analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current 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 represents a $1.08 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is 33.44%.

Analyst Upgrades and Downgrades

SCHW has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Piper Sandler boosted their price objective on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Truist Financial reaffirmed a “buy” rating and issued a $90.00 target price (up from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Finally, Redburn Partners lowered their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and a consensus target price of $84.11.

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.