Canopy Partners LLC Has $1.20 Million Stake in The Charles Schwab Co. (NYSE:SCHW)

Canopy Partners LLC raised its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 68.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,219 shares of the financial services provider’s stock after purchasing an additional 6,615 shares during the quarter. Canopy Partners LLC’s holdings in Charles Schwab were worth $1,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gladstone Institutional Advisory LLC increased its stake in Charles Schwab by 2.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 124 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Charles Schwab by 1.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,522 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 125 shares during the period. Klingman & Associates LLC lifted its holdings in shares of Charles Schwab by 3.2% during the 4th quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 125 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its position in shares of Charles Schwab by 2.7% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 127 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in Charles Schwab by 1.2% during the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock worth $832,000 after buying an additional 130 shares during the period. 84.38% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Paul V. Woolway sold 3,380 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the sale, the insider now directly owns 45,824 shares of the company’s stock, valued at $3,548,152.32. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the transaction, the chairman now owns 827,377 shares of the company’s stock, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 513,081 shares of company stock valued at $41,903,066. Insiders own 6.60% of the company’s stock.

Charles Schwab Price Performance

SCHW opened at $69.07 on Monday. The stock has a market capitalization of $125.26 billion, a P/E ratio of 23.10, a PEG ratio of 0.99 and a beta of 0.91. The stock has a 50-day moving average price of $79.09 and a 200-day moving average price of $75.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. 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 announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. Equities analysts predict that The Charles Schwab Co. will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s payout ratio is currently 36.12%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft upped their price objective on Charles Schwab from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and issued a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. Truist Financial decreased their price target on shares of Charles Schwab from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, UBS Group boosted their price target on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has an average rating of “Moderate Buy” and a consensus price target of $86.94.

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.