Fielder Capital Group LLC Buys 237 Shares of The Charles Schwab Co. (NYSE:SCHW)

Fielder Capital Group LLC raised its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,377 shares of the financial services provider’s stock after purchasing an additional 237 shares during the quarter. Fielder Capital Group LLC’s holdings in Charles Schwab were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings in shares of Charles Schwab by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 558 shares of the financial services provider’s stock worth $36,000 after buying an additional 169 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Charles Schwab by 8.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 42,492 shares of the financial services provider’s stock valued at $2,754,000 after purchasing an additional 3,473 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Charles Schwab by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 92,537 shares of the financial services provider’s stock worth $6,367,000 after acquiring an additional 3,204 shares during the period. JFS Wealth Advisors LLC lifted its position in Charles Schwab by 6,286.5% during the third quarter. JFS Wealth Advisors LLC now owns 25,035 shares of the financial services provider’s stock valued at $1,623,000 after buying an additional 24,643 shares during the period. Finally, Tandem Capital Management Corp ADV boosted its stake in Charles Schwab by 0.3% during the third quarter. Tandem Capital Management Corp ADV now owns 49,537 shares of the financial services provider’s stock worth $3,210,000 after acquiring an additional 150 shares in the last quarter. 84.38% of the stock is owned by institutional investors.

Insider Activity at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 487,820 shares of company stock worth $39,938,849 in the last three months. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $78.53 on Friday. 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 stock has a market capitalization of $139.87 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The business has a 50-day moving average of $78.27 and a 200 day moving average of $73.41. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $84.50.

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, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $5.33 billion during 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 company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SCHW shares. Truist Financial increased their target price on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. TD Cowen raised Charles Schwab from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $103.00 in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Morgan Stanley lifted their price objective on shares of Charles Schwab from $84.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Piper Sandler boosted their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.33.

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.