The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Savant Capital LLC

Savant Capital LLC boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 32.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,517 shares of the financial services provider’s stock after acquiring an additional 6,981 shares during the period. Savant Capital LLC’s holdings in Charles Schwab were worth $2,111,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SCHW. Angeles Wealth Management LLC acquired a new stake in shares of Charles Schwab in the fourth quarter worth approximately $384,000. Coronation Fund Managers Ltd. raised its stake in Charles Schwab by 3.5% during the fourth quarter. Coronation Fund Managers Ltd. now owns 507,190 shares of the financial services provider’s stock worth $37,537,000 after purchasing an additional 17,175 shares during the period. LJI Wealth Management LLC purchased a new position in Charles Schwab during the fourth quarter worth approximately $207,000. HTLF Bank acquired a new position in shares of Charles Schwab in the 4th quarter valued at $213,000. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Charles Schwab by 7.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,415 shares of the financial services provider’s stock worth $697,000 after buying an additional 680 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Performance

Charles Schwab stock opened at $82.37 on Thursday. The Charles Schwab Co. has a 52 week low of $61.01 and a 52 week high of $84.50. 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 stock has a market cap of $146.59 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The stock has a 50 day moving average of $78.04 and a 200-day moving average of $72.11.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. On average, analysts expect 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. Investors of record on Friday, February 14th will be issued a $0.27 dividend. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, February 14th. Charles Schwab’s payout ratio is currently 33.44%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SCHW. Piper Sandler lifted their target price on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their target price on shares of Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $89.00 to $93.00 in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $84.56.

Insider Buying and Selling at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were 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 owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,514 shares of company stock worth $3,859,731 over the last quarter. 6.60% of the stock is owned by corporate insiders.

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.