Everett Harris & Co. CA Acquires 1,105 Shares of The Charles Schwab Co. (NYSE:SCHW)

Everett Harris & Co. CA raised its holdings in The Charles Schwab Co. (NYSE:SCHW) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 210,334 shares of the financial services provider’s stock after buying an additional 1,105 shares during the quarter. Everett Harris & Co. CA’s holdings in Charles Schwab were worth $15,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHW. Centaurus Financial Inc. grew its stake in shares of Charles Schwab by 38.8% in the 2nd quarter. Centaurus Financial Inc. now owns 24,103 shares of the financial services provider’s stock valued at $1,776,000 after buying an additional 6,739 shares during the period. Neville Rodie & Shaw Inc. acquired a new stake in Charles Schwab in the third quarter valued at approximately $353,000. Trust Co. of Toledo NA OH raised its position in shares of Charles Schwab by 41.8% during the third quarter. Trust Co. of Toledo NA OH now owns 6,172 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 1,820 shares during the period. Czech National Bank grew its position in Charles Schwab by 7.0% in the 3rd quarter. Czech National Bank now owns 304,322 shares of the financial services provider’s stock valued at $19,723,000 after purchasing an additional 19,833 shares during the period. Finally, Canandaigua National Bank & Trust Co. grew its holdings in shares of Charles Schwab by 0.9% during the third quarter. Canandaigua National Bank & Trust Co. now owns 31,084 shares of the financial services provider’s stock valued at $2,015,000 after buying an additional 290 shares during the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Down 1.0 %

SCHW stock opened at $82.73 on Friday. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $83.84. The firm has a market capitalization of $147.22 billion, a PE ratio of 27.67, a PEG ratio of 1.00 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $77.94 and a two-hundred day simple moving average of $71.08.

Charles Schwab (NYSE:SCHW) last posted its earnings results 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 business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. Charles Schwab’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts predict that The Charles Schwab Co. will post 4.18 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.31%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. Charles Schwab’s payout ratio is presently 33.44%.

Insiders Place Their Bets

In other Charles Schwab news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at approximately $4,796,497.64. This trade represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock worth $4,052,281 in the last ninety days. 6.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SCHW has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and set a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Cowen lifted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Piper Sandler increased their target price on shares of Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, Truist Financial reissued a “buy” rating and set a $90.00 target price (up previously from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $84.11.

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.