Oregon Pacific Wealth Management LLC Takes $688,000 Position in The Charles Schwab Co. (NYSE:SCHW)

Oregon Pacific Wealth Management LLC purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 9,295 shares of the financial services provider’s stock, valued at approximately $688,000.

Other hedge funds also recently bought and sold shares of the company. N.E.W. Advisory Services LLC grew its holdings 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 worth $557,000 after acquiring an additional 125 shares during the period. Stablepoint Partners LLC lifted its position in Charles Schwab by 1.1% in the 4th quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 141 shares in the last quarter. Alliance Wealth Advisors LLC lifted its position in Charles Schwab by 2.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 142 shares in the last quarter. Michael S. Ryan Inc. lifted its position in Charles Schwab by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 144 shares in the last quarter. Finally, GS Investments Inc. lifted its position in Charles Schwab by 0.3% in the 3rd quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Trading Down 1.0 %

Shares of SCHW stock opened at $82.73 on Monday. The Charles Schwab Co. has a 52-week low of $61.01 and a 52-week high of $83.84. 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 capitalization of $147.22 billion, a PE ratio of 27.67, a PEG ratio of 1.01 and a beta of 0.99. The stock has a fifty day simple moving average of $77.97 and a two-hundred day simple moving average of $71.16.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts predict that The Charles Schwab Co. will post 4.18 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. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This is a positive change 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 dividend yield of 1.31%. Charles Schwab’s dividend payout ratio (DPR) is presently 33.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SCHW. 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 report on Friday, January 17th. Morgan Stanley increased their price target on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Piper Sandler increased their price target on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Raymond James lowered their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Finally, Wells Fargo & Company raised Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.11.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the sale, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,014 shares of company stock worth $4,052,281 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

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.