The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Knuff & Co LLC

Knuff & Co LLC boosted its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 1,309.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 606 shares of the financial services provider’s stock after acquiring an additional 563 shares during the quarter. Knuff & Co LLC’s holdings in Charles Schwab were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHW. EverSource Wealth Advisors LLC increased its position in shares of Charles Schwab by 1.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 23,017 shares of the financial services provider’s stock worth $1,704,000 after purchasing an additional 313 shares in the last quarter. PFG Advisors acquired a new position in shares of Charles Schwab in the 4th quarter valued at $220,000. Inspire Advisors LLC raised its holdings in shares of Charles Schwab by 3.5% in the 4th quarter. Inspire Advisors LLC now owns 19,808 shares of the financial services provider’s stock valued at $1,466,000 after buying an additional 678 shares during the period. Markel Group Inc. raised its holdings in shares of Charles Schwab by 1.0% in the 4th quarter. Markel Group Inc. now owns 1,363,800 shares of the financial services provider’s stock valued at $100,935,000 after buying an additional 13,000 shares during the period. Finally, Cornerstone Advisors LLC raised its holdings in shares of Charles Schwab by 1.5% in the 4th quarter. Cornerstone Advisors LLC now owns 107,800 shares of the financial services provider’s stock valued at $7,978,000 after buying an additional 1,600 shares during the period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the transaction, the insider now owns 57,818 shares in the company, valued at approximately $4,586,123.76. This trade represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 501,087 shares of company stock worth $40,952,233. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

SCHW opened at $72.58 on Wednesday. The stock has a fifty day moving average of $78.42 and a 200-day moving average of $74.16. The firm has a market capitalization of $131.63 billion, a P/E ratio of 24.27, a PEG ratio of 0.99 and a beta of 0.98. 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.

Charles Schwab (NYSE:SCHW) last released its earnings results 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. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company 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 company earned $0.68 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts forecast 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 was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab’s dividend payout ratio (DPR) is currently 36.12%.

Analyst Upgrades and Downgrades

SCHW has been the topic of several recent research reports. UBS Group upped their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler increased their price objective on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price target on Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Truist Financial raised their price objective on Charles Schwab from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has an average rating of “Hold” and a consensus price target of $86.33.

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.