The Charles Schwab Co. (NYSE:SCHW) Stock Position Lifted by Stephens Inc. AR

Stephens Inc. AR boosted its stake in The Charles Schwab Co. (NYSE:SCHW) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,072 shares of the financial services provider’s stock after buying an additional 1,774 shares during the quarter. Stephens Inc. AR’s holdings in Charles Schwab were worth $2,596,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Thompson Investment Management Inc. boosted its position in Charles Schwab by 3.6% during the fourth quarter. Thompson Investment Management Inc. now owns 126,446 shares of the financial services provider’s stock valued at $9,358,000 after purchasing an additional 4,403 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Charles Schwab by 114.8% in the 4th quarter. Empowered Funds LLC now owns 49,073 shares of the financial services provider’s stock valued at $3,632,000 after buying an additional 26,231 shares in the last quarter. Forbes J M & Co. LLP acquired a new position in Charles Schwab in the fourth quarter worth approximately $311,000. Kingsview Wealth Management LLC lifted its stake in Charles Schwab by 89.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 12,786 shares of the financial services provider’s stock valued at $946,000 after acquiring an additional 6,039 shares during the last quarter. Finally, Westbourne Investment Advisors Inc. grew its position in Charles Schwab by 1.7% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 123,731 shares of the financial services provider’s stock worth $9,157,000 after acquiring an additional 2,042 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Up 2.9 %

SCHW opened at $83.51 on Wednesday. The company has a market capitalization of $148.61 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.02 and a beta of 0.99. 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 firm’s fifty day moving average price is $77.99 and its two-hundred day moving average price is $71.99. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating 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 business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. On average, analysts anticipate that The Charles Schwab Co. will post 4.18 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. Stockholders of record on Friday, February 14th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.29%. Charles Schwab’s dividend payout ratio is presently 33.44%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial increased their target price on shares of Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Barclays increased their price target on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Cowen upped their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, UBS Group upped their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.56.

Insider Buying and Selling

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction dated 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 $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following 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 47,514 shares of company stock worth $3,859,731 in the last 90 days. 6.60% of the stock is owned by company insiders.

Charles Schwab 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.