The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 80.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,650 shares of the financial services provider’s stock after buying an additional 5,181 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Charles Schwab were worth $802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC increased its stake in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares in the last quarter. Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab in the fourth quarter valued at approximately $34,000. Worth Asset Management LLC acquired a new position in shares of Charles Schwab during the 1st quarter worth approximately $32,000. Providence Capital Advisors LLC acquired a new position in shares of Charles Schwab during the 3rd quarter worth approximately $28,000. Finally, CVA Family Office LLC purchased a new position in shares of Charles Schwab during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $72.41 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $65.43 and a 200 day moving average price of $61.18. The Charles Schwab Co. has a 12-month low of $45.65 and a 12-month high of $72.94. The stock has a market cap of $128.42 billion, a P/E ratio of 28.51, a PEG ratio of 1.37 and a beta of 1.00.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the firm earned $1.07 EPS. The business’s revenue was down 18.9% compared to the same quarter last year. Sell-side analysts anticipate that The Charles Schwab Co. will post 3.33 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is presently 39.37%.

Insider Transactions at Charles Schwab

In other news, insider Jonathan M. Craig sold 4,977 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the sale, the insider now directly owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the sale, the chairman now owns 61,251,038 shares of the company’s stock, valued at $3,980,704,959.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares of the company’s stock, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $71.00 price objective (up from $70.00) on shares of Charles Schwab in a research report on Wednesday, January 3rd. Redburn Atlantic began coverage on Charles Schwab in a report on Friday, December 1st. They issued a “sell” rating and a $52.00 price objective on the stock. Barclays boosted their price objective on Charles Schwab from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. TD Cowen upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price on the stock in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and an average target price of $71.12.

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.