The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 855 shares of the financial services provider’s stock after purchasing an additional 248 shares during the quarter. Venturi Wealth Management LLC’s holdings in Charles Schwab were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHW. Capital Performance Advisors LLP acquired a new position in shares of Charles Schwab in the third quarter worth about $25,000. Washington Trust Advisors Inc. lifted its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Charles Schwab in the third quarter worth about $31,000. Planning Capital Management Corp acquired a new position in shares of Charles Schwab in the third quarter worth about $33,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Charles Schwab in the third quarter worth about $33,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group boosted their price target on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Citigroup boosted their price objective on Charles Schwab from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Piper Sandler boosted their price objective on Charles Schwab from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $94.00 price objective (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.33.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $80.16 on Tuesday. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $84.50. The firm has a market capitalization of $142.78 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. The business has a 50 day simple moving average of $78.03 and a 200 day simple moving average of $73.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities research analysts anticipate that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm 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 represents a $1.08 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 14th. Charles Schwab’s dividend payout ratio is 36.12%.

Insider Buying and Selling

In other Charles Schwab news, Director Arun Sarin sold 8,548 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $81.82, for a total value of $699,397.36. Following the completion of the sale, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now owns 827,377 shares of the company’s stock, valued at $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 487,820 shares of company stock valued at $39,938,849 in the last three months. 6.60% of the stock is currently 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.